Singapore AuM hit $4 trillion in 2019

Singapore skylineAssets under management in Singapore’s investment market grew by 15.7% in 2019 reaching $4 trillion by year-end according to statistics published by the Monetary Authority of Singapore (MAS). The increase in assets was almost three times the 5.4% growth seen in 2018 and has been viewed as evidence of a robust recovery in line with a global trend in 2019 that saw assets grow by 15% worldwide to reach $89 trillion. Over the last five years Singapore has enjoyed compound annual growth of 11%. In 2019, there was also an increase in the number of registered and licensed asset managers which rose by 108 bringing the total to 895. The strongest growth was in equities and fixed income where investment rose by 25%, more than double the 12% growth in alternative assets. According to the MAS, the figures also reflect Singapore’s status as a gateway for international investors seeking to access the Asian market given that 76% of AuM came from outside of Singapore. The regulator also recommended that asset managers continue to look at new asset classes and sustainable investment vehicles.  “As the asset management landscape evolves, it is important that managers continue to invest and position themselves in evolving growth areas such as sustainable investments, private markets and solutions-based strategies, while leveraging technology and innovation as an enabler,” the MAS said. © 2020 funds global Asia

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