Assets under management in Singapore increased last year mirroring the global asset management industry recovery.
In its annual industry survey, the Monetary Authority of Singapore (MAS) reported assets under management (AUM) in Singapore 2016 grew by 7 percent to $1.9 trillion, supported by sustained net fund inflows and broad-based improvements in market valuations.
In line with global trends, alternative sector AUM, comprising hedge funds, venture capital (VC), private equity (PE) and real estate grew by 17 percent. On the other hand, traditional AUM increased modestly by 3 percent.
(Graphic MAS)
«Singapore will continue to deepen its venture capital and private equity capabilities and establish itself as a vibrant enterprise financing hub to support the next generation of Asian growth companies,» the regulator said.
MAS has been working with the industry to deepen the financing ecosystem for regional and local companies and will implement the simplified regulatory framework for venture capital managers by the end of 2017.
Growing Sovereign Wealth
In 2016, 78 percent of total AUM was sourced from outside Singapore, compared to 80 percent in 2015. Of the total AUM, 55 percent was sourced from the AsiaPacific, 19 percent from North America and 17 percent from Europe, demonstrating Singapore’s role in serving regional and international investors.
Singapore also serves as the regional hub for a growing pool of institutional investors to access global markets and private market opportunities in Asia. The Korea Investment Corporation recently opened in Singapore.
