Singapore Wealth Rises as Citi Study Highlights Cash
Singapore wealth assets grew over the past year with average high net worth assets rising to 1.5 million dollars. Mutual fund ownership tripled while cash holdings remained high.
Insights:
High-net-worth clients in Singapore saw average assets rise 6% to $1.5 million over the past year, according to a Thursday study. The white paper was prepared by Citi Wealth and RFI Global to evaluate the city-state's wealth sector. The expansion highlights steady growth across both domestic and overseas wealth pools.
