On February 28, at its FY2023 ended December 2023 results briefing, CLI announced a target of $200 billion in FUM (funds under management) to be attained in five years. CLI’s FUM as at Dec 31, 2023, stood at $100 billion. CLI’s AUM as at Dec 31, 2023, was $134 billion. CLI’s AUM includes assets it owns on its balance sheet as well as those in its funds, REITs and property trusts.
Market watchers cannot have failed to notice the AUM (assets under management) race between Keppel and CapitaLand Investment (CLI). Both companies have undergone marked structural changes since the pandemic and are vying to be Singapore’s largest listed investment/asset managers.
In March 2023, Keppel announced a target of reaching $200 billion in funds under management (FUM) by 2030. As of end-December 2023, Keppel’s FUM was $55 billion, compared to $50 billion at the end of 2022.
