APAC is Singapore’s top-sourced foreign region for AUM

The assets under management (AUM) of foreign non-retail individual clients increased by S$470 billion from 2017 to 2021. This is mostly due to institutional investors, according to the Minister of State for Trade and Industry Alvin Tan.

In his statement, Tan said that the amount makes up 20% of the increase in the total AUM by the country’s asset management industry from 2017 to 2021. Tan also added that there’s a better pickup of funds flowing into the market’s wealth management industry.

More from OMY: SG takes 8th spot for leading global city for the wealthy

In the annual survey, there’s no breakdown for family offices. However, single-family offices that applied for and were granted tax incentives were around S$90 billion of assets as of 2021.

The top region for AUM from 2017 to 2021 was APAC.

“It accounted for slightly over half of AUM sourced from high-end individual investors. Asia-Pacific was followed by Europe and the Americas.”

More from OMY: How To Invest In Singapore: A Beginner’s Guide

Share This Story:

More Articles

No Need to Shop Around, Find the Best Personal Loan Offers in One Place! 

In just minutes, OMY can give you access to multiple loan offers from various banks and loan providers – all for free.

Personal Loan Offers!