Singapore institutional mandates may double

A report sponsored by Bermuda Trust sees growth in institutional and retail mandates.

Mandates by Singaporean institutions may double in size over the next five years to S$110 billion $64 billion, according to the most recent annual Singapore Assets Report published by Bermuda Trust, a subsidiary of Bank of Bermuda.

The report, undertaken in collaboration with local asset management consultancy GFIA, estimates the outstanding mandates from government and government-linked institutions total S$50-60 billion. This could grow rapidly if the board of the Central Provident Fund outsources to external managers...

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