Family Offices Add Singapore Assets as Greenback Slides

Family offices boosted exposure to Singapore assets in 2025 as a weaker US dollar drove currency diversification, Bank of Singapore said.

Allocations to Singapore assets through discretionary portfolio management mandates doubled year on year, accelerating from the usual single-digit growth pace.

Assets under management in Singapore-focused mandates also expanded faster than the bank’s overall discretionary business, which grew nearly 20% in 2025.

The mandates typically invest 40% to 95% in Singapore equities, with the balance in Singapore dollar bonds and cash.

Global chief investment officer Jean Chia said demand for Singapore assets has risen among clients from China, Hong Kong, Malaysia and Singapore seeking to manage currency risk.