Singapore fund industry still growing

The government makes public its industry review of 2000.
May 29, 2001
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 than reported at the close of 1999. Assets under discretionary management tumbled by 9% to S$166.4 billion, which MAS ascribes to falling asset values. This decline was compensated by a 21% rise in non-discretionary assets, to S$109.8 billion.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media