Singapore’s AUM followed the global trend, rising by 15.7% in 2019 to reach S$4.0 trillion (US$2.9 trillion), with traditional sector seeing a strong rebound, registering 25% growth. Source: Singapore Asset Management Survey 2019

Many have focused on cost containment during the pandemic of 2020, fund raising activities in general slowed to a halt as investors adopted a “wait-and-see” position whilst many fund managers were busy “fighting fire” at portfolio level.

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