Following the annual returns, at least for most external asset managers (“EAMs”), the Monetary Authority of Singapore (“MAS”) is already following up with additional surveys, such as the Survey of Services. Financial institutions should check MASNet for the respective circulars.
#ICYM the AIWM Business Apero that was held in May! Special thanks to Zedra Fund Services for supporting the business apero and made it a great networking session for both new and existing members to get to know each other better. Stay tuned to the next business apero!
We still believe that the interest rate tailwind of slower global growth will support REITs in Asia especially Australia, Singapore and even Hong Kong (see fall in HIBOR). CPI in our region outside of Japan has been trending very much in the right direction.