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Singapore's asset management industry grows assets by 11.8% in 2013

Published on Jul 25, 2014 5:08 PM
 
The asset management industry continued to grow last year, driven by sustained interest among regional and global investors in investing in Asia. -- ST PHOTO: DESMOND WEE

SINGAPORE - The asset management industry continued to grow last year, driven by sustained interest among regional and global investors in investing in Asia.

Total assets managed by locally based managers rose by 11.8 per cent last year to $1.82 trillion, the Monetary Authority of Singapore (MAS) said in its annual industry survey report.

Growth was broad-based, with both traditional and alternative managers registering good increases in assets under management.

Traditional asset managers contributed substantially to the growth, mainly by launching innovative products such as multi-asset solutions and specialised fixed income strategies.

 
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