Singapore fund industry still growing

The Monetary Authority of Singapore has just publicized a review it conducted of its investment management industry, with data as of year-end 2000. The results show modest growth, which is impressive given that Singapore seemed to have reached an equilibrium in attracting new managers. Nor was last year an easy year for fund managers given the bursting of the Nasdaq bubble in April, 2000. Total assets under management (AUM) rose to S$276.2 billion ($153.7 billion), only 1% more AUM th…