Singapore Sees Assets Swell on Strong Private-Equity Performance
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Assets managed in Singapore rose 17% last year amid strong gains from private equity funds and alternative investments, Monetary Authority of Singapore data showed.
Singapore’s assets under management climbed to S$4.7 trillion ($3.5 trillion) in 2020 from S$4 trillion a year earlier, according to the central bank’s annual survey released Wednesday. The growth was driven by both net inflows and valuation gains.