Singapore's total assets under management (AUM) have increased by 10.1% to S$6.7 trillion as of December 2025, driven by strong market performance and net inflows. The Monetary Authority of Singapore (MAS) is collaborating with industry stakeholders to enhance the nation's financial market competitiveness.
In 2025, Singapore's financial sector expanded by 4.3%, maintaining an average annual growth rate of 4.6% from 2021 to 2025. MAS Managing Director Chia Der Jiun emphasized the importance of Singapore's reputation as a trusted financial hub with a diverse ecosystem and talent pool. Discussions with industry players aim to further strengthen this competitiveness.
The banking sector's assets grew by 3.1% in 2025, following exceptional growth in 2024. The insurance industry's assets increased by 7.6% to S$493.5 billion. Corporate debt market issuances rose by 10% to approximately S$340 billion. Net AUM inflows stood at S$376 billion, a 29% increase from the previous year, driven by new mandates acquired and managed from Singapore.
The traditional sector's AUM grew by 9%, while alternative investments, including private equity, venture capital, hedge funds, real estate, and real estate investment trusts, saw a 0.4% increase. Notably, 76% of Singapore's funds originated from outside the country, with 39% from the Asia-Pacific region excluding Singapore. Additionally, 88% of the funds were invested abroad, with 40% in the Asia-Pacific region excluding Singapore.
As of December 2025, Singapore had 1,320 licensed fund management companies, marking a net increase of 22 companies. The number of variable capital companies (VCCs) incorporated or re-domiciled in Singapore reached 1,406, up from 1,200 the previous year. These VCCs represented 3,443 sub-funds in 2025, an increase from 2,695 in 2024.
In the financial year ending March 31, 2026, MAS reported a net profit of S$20 billion, up from S$19.7 billion the previous year. This was driven by investment gains of S$39.8 billion, partially offset by negative currency translation effects of S$16.4 billion due to a stronger Singapore dollar. Despite strong results, Chia expressed caution about the investment outlook, citing uncertainties such as energy market disruptions, rising inflation, and high equity market valuations.
MAS's ongoing efforts to enhance Singapore's financial market competitiveness are crucial for maintaining its position as a leading global financial hub. The collaboration with industry stakeholders and strategic initiatives aim to ensure sustained growth and resilience in the face of global economic uncertainties.