Assets under management in Singapore grow 16% to reach $4 trillion in 2021
Global assets under management in 2021 only grew 12% year-on-year in comparison. Alternative assets were a key driver of growth with a 30% increase, while ESG-overlaid assets grew 77%.
Singapore’s asset management industry grew 16% year-on-year in 2021, reaching $4 trillion, or S$5.4 trillion, led by alternatives growth, according to the Singapore Asset Management Survey 2021 released by the Monetary Authority of Singapore (MAS) on Friday (October 21).
The rate of growth is slightly lower than 2020’s 17%, but outpaces global asset under management (AUM) growth, which stood at 12% in 2021. However, the MAS cautioned in the report that AUM growth in 2022 is expect…
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