In 2021 Singapore remained an interest for global and regional asset managers who were looking to expand their presence in Asia. To be sure, the number of licensed and registered fund management companies in Singapore increased by 15% – or 146 more – to 1,108 as at December 2021.
According to the 2021 Singapore Asset Management survey published by the Monetary Authority of Singapore (MAS), total assets managed by Singapore-based asset managers grew 16% y-o-y to reach $5.4 trillion, up from $4.6 trillion in 2021.
The growth was mostly accounted by the net inflow of funds in 2021, with net new inflows at $448 billion or 58.9% of the y-o-y increase in assets under management (AUM). Valuation gains made up the remaining increase in AUM.
