MAS: Annual report 2006 / 2007
CONTENTS
HOME
 
ENTERPRISE: Our Role
BUILDING ON A ROBUST MACROECONOMIC ENVIRONMENT
DEVELOPMENTS IN THE SINGAPORE SECURITIES MARKET
FOSTERING A SOUND & REPUTABLE FINANCIAL CENTRE
RISK MANAGEMENT & INFRASTRUCTURE
GROWING SINGAPORE AS AN INTERNATIONALLY COMPETITIVE FINANCIAL CENTRE
CURRENCY
ORGANISATIONAL INITIATIVES
GROWING SINGAPORE AS AN INTERNATIONALLY
COMPETITIVE FINANCIAL CENTRE
34
Asset Management 34
Box 7 - Emerging Clusters In Singapore’s Financial Services 35
Active Trading in the Equities and Derivatives Market 37
Leading Real Estate Investment Trusts Market in Asia 38
Shipping Trusts Seek Singapore Listing 38
Infrastructure Finance Taps the Capital Markets 38
Box 8 - Regulatory Oversight Of Commodity Futures 38
Growth in Collateralised Debt Obligations Market 39
Growth in Over-the-Counter Commodity Derivatives  
  Central Counterparty Clearing Activity 39
Box 9 - Listing Of Pioneer Exchange Traded Funds 39
 

GROWING SINGAPORE AS AN INTERNATIONALLY COMPETITIVE FINANCIAL CENTRE

Asset Management
Riding on the momentum of the double-digit growth of the past six years, the asset management industry continued to perform strongly in 2006. Funds managed in Singapore grew 24% in 2006 to reach about S$900 billion.

Singapore is recognised as one of the premier asset management centres in the Asia Pacific. It is well-positioned for fund managers to tap opportunities in Asia because of its socio-political stability, sound economic fundamentals, reputable legal regime, well-regulated international financial sector and skilled workforce.

In tandem with the growth of the asset management industry, the number of investment professionals increased by 23% to around 1,600 in 2006, from about 1,300 in 2005. Asset management companies have expanded their operations in Singapore to include research, trading activities and regional middle-to-back office settlement functions.

MAS Executive Director Ng Nam Sin speaking with management staff from Daiwa Securities Group at the opening of its wealth management Office.
MAS Managing Director Heng Swee Keat, with DBS Chairman Koh Boon Hwee (standing), and DBS Vice Chairman and CEO Jackson Tai
at DBS' cocktail reception for its clients held during Singapore 2006.