Citi report finds mutual fund ownership among Singapore's wealthy nearly trebled since 2022
No other Asian market has a higher rate of mutual fund ownership, The Business Times reports, though a large share of assets is still held in deposits.
According to The Business Times, a Citi report finds that mutual fund ownership among Singapore's wealthy has nearly trebled since 2022.
The report also points to Singapore's standing in the region: no other market in Asia has a higher rate of mutual fund ownership. Even so, a large share of assets is still held in deposits.
