APAC is Singapore’s top-sourced foreign region for AUM
The assets under management (AUM) of foreign non-retail individual clients increased by S$470 billion from 2017 to 2021. This is mostly due to institutional investors, according to the Minister of State for Trade and Industry Alvin Tan.
In his statement, Tan said that the amount makes up 20% of the increase in the total AUM by the country’s asset management industry from 2017 to 2021. Tan also added that there’s a better pickup of funds flowing into the market’s wealth management industry.
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In the annual survey, there’s no breakdown for family offices. However, single-family offices that applied for and were granted tax incentives were around S$90 billion of assets as of 2021.
The top region for AUM from 2017 to 2021 was APAC.
“It accounted for slightly over half of AUM sourced from high-end individual investors. Asia-Pacific was followed by Europe and the Americas.”
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