Singapore's assets under management (AUM) grew by 30 per cent
year-on-year to S$2.4 trillion in 2014, said the Monetary Authority of
Singapore (MAS) on Thursday.
Referring to the increase as "a strong showing", MAS said the robust
growth was derived largely from "positive asset inflows arising from
Asia's growth dynamism and Singapore's position as a pan-Asian asset
management hub".
It added that there was a net increase of 38 registered and licensed
fund managers, bringing the total number of fund managers registered and
licensed with MAS to 591. These findings are from MAS's annual survey of the Singapore asset
management industry. Its latest report is for the year ending December
31, 2014.
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