Date
22 July 2017
Investors were turning to alternative investments because of weak returns from traditional assets, the Monetary Authority of Singapore said. Photo: Bloomberg
Investors were turning to alternative investments because of weak returns from traditional assets, the Monetary Authority of Singapore said. Photo: Bloomberg

Singapore fund managers’ assets up 9% in 2015

Total assets managed in Singapore last year grew 9 percent to touch S$2.6 trillion (US$1.9 trillion), data from the country’s central bank showed.

The growth, though solid, represented a slowdown from the unusual 30 percent jump to US$1.8 trillion that Singapore saw in 2014, driven by investors returning to Asia, the Wall Street Journal reports.

Singapore’s performance was in line with the 10 percent growth in Asia’s asset-management industry in 2015, the newspaper said, citing figures published earlier this year by the Boston Consulting Group.

Singapore-based asset managers saw net inflows of S$203 billion last year, with much of it going to private markets, led by private-equity firms, venture capital and real estate, according to a survey conducted by the Monetary Authority of Singapore, the city state’s central bank.

Weak market gains drove investors toward riskier alternative investments, the Journal said.

Total alternative assets under management soared 29 percent from a year earlier to S$410 billion.

On the other hand, traditional assets rose a meager 4 percent, hurt by low interest rates globally and high valuations for equities.

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RA/CG

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