Singapore: An Attractive Hub For Private Funds

Over the past decade, Singapore has developed rapidly as an asset management hub and fund domicile, with total assets under management (AUM) increasing from S$1.6 trillion in 2012[1] to a peak of S$5.4 trillion in 2021.[2] While this has dipped slightly to S$4.9 trillion in 2022 in line with the wider decline in global AUM due to economic uncertainties, market corrections in valuations were partially offset by healthy net AUM inflows into Singapore. The steady growth of Singapore’s AUM is illustrative of its importance to foreign investors and asset managers as a global financial centre, with approximately 76 per cent of Singapore’s AUM sourced from outside Singapore and 88 per cent of Singapore’s AUM invested in assets outside Singapore in 2022

Navigating The BRICS-Western A…