Singapore's asset management industry turned in strong figures last year, driven by interest in the Republic as a pan-Asian asset management hub and Asia's growth.
Total assets managed by locally based managers surged by 30 per cent to $2.4 trillion last year, said the Monetary Authority of Singapore (MAS) in its annual industry survey report. This was considerably faster than the 11.8 per cent growth in assets under management (AUM) in 2013.
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