Assets under management in Singapore rises 17% to $3.5 trillion

Assets under management (AUM) in Singapore rose 17% in 2020, driven by “strong inflows into both traditional and alternative investment strategies, as well as valuation gains across major asset classes,” according to the Monetary Authority of Singapore (MAS). AUM rose to S$4.7 trillion ($3.50 trillion) year-on-year last year, of which 56% was attributed to net inflows and the remaining 44% to valuation gains, according to the central bank’s annual report released on Wednesday (Jun…