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04-11-2023, 09:35 AM
UPDATED NOV 3, 2023, 7:54 PM SGT
SINGAPORE – Singapore reported a 10 per cent drop in financial assets managed locally amid a “challenging environment” for global investors in 2022
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Assets under management (AUM) fell to $4.9 trillion in 2022, even though it attracted “healthy” net inflows
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That is the first drop since 2011
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The fall was in tandem with an overall decline in global AUM, and driven primarily by a fall in asset valuation
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Hedge fund AUM increased 1 per cent as global hedge fund managers established a presence in the Republic to grow their businesses.
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MAS expects AUM growth in 2023 to remain cautious as headwinds arising from geopolitical tensions and conflicts, market uncertainties and supply chain disruptions continue to weigh down on valuations and investor sentiments.
https://www.straitstimes.com/business/si...since-2011
SINGAPORE – Singapore reported a 10 per cent drop in financial assets managed locally amid a “challenging environment” for global investors in 2022
......
Assets under management (AUM) fell to $4.9 trillion in 2022, even though it attracted “healthy” net inflows
......
That is the first drop since 2011
......
The fall was in tandem with an overall decline in global AUM, and driven primarily by a fall in asset valuation
......
Hedge fund AUM increased 1 per cent as global hedge fund managers established a presence in the Republic to grow their businesses.
......
MAS expects AUM growth in 2023 to remain cautious as headwinds arising from geopolitical tensions and conflicts, market uncertainties and supply chain disruptions continue to weigh down on valuations and investor sentiments.
https://www.straitstimes.com/business/si...since-2011
