MAS' latest Survey shows 11% increase in Assets Under Management in Singapore in 2001

Singapore, 5 June 2002...The Monetary Authority of Singapore (MAS) released today its 2001 survey of the Singapore asset management industry. The survey report is attached.

The latest survey shows that total assets under management increased by a significant 11% in 2001. As at end-2001, total assets under management was S$307.0 billion, compared with S$276.2 billion at end-2000. Assets under management at end-2001 comprised S$180.7 billion of discretionary assets managed in Singapore and S$126.3 billion of non-discretionary assets. Total discretionary AUM grew by 9% from S$166.4 billion at end-2000 to S$180.7 billion at end-2001. The increase in the AUM figures can be attributed to the inflow of new funds, in part due to fund managers increasing their allocations to Asia in 2001. Furthermore, the consolidation of the Asian investment operations of several global fund managers into Singapore has also led to the increase of funds under management here.

The survey also highlighted that the number of investment professionals in the industry has increased by a significant 10% to 1,114 comprising 816 fund managers and 298 investment analysts.

The survey also revealed that out of the S$180.7 billion of discretionary assets managed in Singapore, 29% was sourced domestically, representing a 28% growth in the amount sourced the preceding year. US and European clients were major foreign sources for discretionary assets managed in Singapore in 2001.

2001 survey of the Singapore asset management industry