Nature and prospects of fund management in Singapore

• Main Authors: Sung, Paul Chee Mun, Lim, Keng Hong, Thng, Tien Tat
• Other Authors: Koh Hian Chye
• Format: Final Year Project
• Language: English
• Published: 2015
• Subjects: DRNTU::Business
• Online Access: http://hdl.handle.net/10356/64478
• Institution: Nanyang Technological University

There are three factors motivating the undertaking of this report. Firstly, the MAS Annual Report 1990/91 reported the Financial sector to form a 30% weightage of Singapore's GOP in 1990. Its growth in the same year was 22%. Fund management appeared to be a new growing component of this sector. Secondly, the high growth of the industry in recent years. By fund size, the industry grew by ~2% to US$20B as at March 1990. Finally, being only eight years old, not much documentation and studies have been made about the fund management industry in Singapore. This report attempts to describe and explain the profile and investment patterns of fund managers in Singapore. They are classified according to country or area of origin; namely, European, US, Japanese and Singaporean. Another category comprises the insurance company fund managers. This study would cover the following areas: sources of funds - major investors - fund sizes - places of investment - assets invested in - returns The second objective is to examine the environment of the fund management industry in Singapore. Critical success factors leading to foreign fund managers setting up or refraining from setting up in Singapore will be discussed. Recommendations on how Singapore may better itself will also be given. There will be an attempt to describe how the growth of the fund management industry may yield advantages to the Singapore economy and may promote the development of ancillary financial services. Last but not least, the fourth objective is to forecast the development of the industry.