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Singapore fund assets on Hong Kong’s heels

Singapore’s total fund assets under management (AUM) grew by 30% year-on-year to S$2.36 trillion (US$1.73 trillion) in 2014, three times more than that of rival hub Hong Kong. In 2013, funds managed in the Lion City totalled S$1.82 trillion (US$1.33 trillion), said Monetary Authority of Singapore (MAS) figures, The 2014 growth came on the back of an increasing number of overseas…

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