Fund inflows jump 167% to $7.6b in 2024: report

For the fourth quarter of 2024 alone, net inflows totalled $1.72b.

Singapore's fund management industry recorded total net inflows of $ 7.6b for the full year 2024, representing a sharp 167% increase from $2.85b in 2023, according to the latest quarterly report from the Investment Management Association of Singapore (IMAS).

For the fourth quarter of 2024 alone, net inflows totaled $1.72b.

Fixed income and allocation funds led inflows during the fourth quarter, attracting $758.83m and $630.09m, respectively. Money market funds saw inflows fall sharply to $158.83m, down from $1.5b in the previous quarter.

Equity funds registered net inflows of $171.83m, whilst alternative assets, commodities, and convertibles posted minor outflows.

In the equity segment, global equity income funds were the top-performing category in Singapore, drawing in $91.83m. Singapore equity funds followed with $78.82m in inflows. Conversely, Asia-Pacific ex-Japan equity funds recorded the largest outflows, at $121.85m.

Globally, fund flows reflected mixed investor sentiment. The US equity market saw US$145.6b in fresh inflows during Q4 2024, driven largely by large blend funds.

In Europe, equity inflows rose to €13.56b. China, however, experienced significant outflows across equity categories, with ¥85.48b exiting equity funds in the quarter.

Fixed income remained a favoured asset class globally. In the US, fixed income inflows totaled US$128.3b, whilst Europe reported €75.36b in net fixed income inflows for Q4.

In Asia, Singapore's fixed income segment drew $758.83m, led by global fixed income ($415.82m) and Asia fixed income ($278.79m).