Over the last five years, MAS said that the industry’s AUM expanded at a compound annual growth rate (CAGR) of 11%. There was an increase of 108 registered and licensed asset managers, which brings the total number to 895 in 2019.
Singapore’s asset under management (AUM) climbed 15.7% y-o-y to $4 trillion in 2019, according to the Monetary Authority of Singapore (MAS) in a report released on September 30.
The growth was broad-based across traditional and alternative assets, according to the central bank.
