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).
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