Cross-border wealth rises in Singapore as Malaysian rich become big investors

Malaysian outlet Oriental Daily and Zaobao report on cross-border wealth flows into Singapore, with Malaysian wealthy cast as major backers. Citi data cited: Singapore affluent mutual fund holdings nearly tripled since 2022, and high-net-worth average assets rose 6% year on year to S$1.92 million.

Timeline

1. 26 Oct, 09:50 UTCFirst appeared on Google Trends
2. 26 Oct, 09:50 UTCBusiness Times reports Citi fund-holding data

Top sources

• 财富Google Trends
• 花旗报告：自2022年以来，新加坡富裕人士的共同基金持有率增至近三倍The Business Times
• 花旗：新加坡高净值客户平均资产同比增6%至192万元联合早报