Singapore's total assets under management (AUM) surged to a record S$6.07 trillion ($4.7 trillion) by December 31, 2024, marking a 12% year-over-year increase, according to the Monetary Authority of Singapore. This growth was predominantly fueled by foreign capital, with over three-quarters of funds sourced internationally and 88% of assets invested globally, underscoring Singapore's role as a robust international financial hub. Conversely, real estate and REIT assets managed in Singapore declined to a five-year low, indicating a notable shift in asset allocation or investor sentiment within that sector despite the overall AUM expansion.
Singapore's asset management industry demonstrated robust growth, with total assets under management (AUM) reaching a record S$6.07 trillion by the end of 2024, a significant 12% year-over-year increase. This expansion underscores the city-state's strengthening position as a premier international financial hub, evidenced by the fact that over 75% of these funds were sourced from outside the country and 88% were invested into global markets. However, this headline growth masks a critical underlying trend: a sharp divergence in sector performance. Assets managed in real estate and real estate investment trusts (REITs) contracted to their lowest level in at least five years, indicating a substantial capital rotation away from this sector by Singapore-based managers, even amidst a massive influx of new capital into the overall market.
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