Singapore AUM up 19% to $3.3 trillion in 2017: MAS

SINGAPORE (Oct 25): Singapore’s asset under management (AUM) climbed 19% y-o-y to hit $3.3 trillion in 2017, according to the Monetary Authority of Singapore (MAS) in a new report published Thursday.

Growth in Singapore’s asset management industry was broad-based across traditional and alternative assets, the central bank says. This was on the back of higher valuations and inflows to Asian markets.

Traditional sector AUM gained 20%, led by global asset managers moving their operations in Singapore. This includes AIA, which set up its first group-wide regional investment hub here.

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