Investor inflows into money market funds drop 44% in Q3

Demand for Singapore equity surged, nearly doubling to $448.5m.

Investor interest in money market funds fell in Q3 2025 with net inflows of $1.5b, down from the $2.7b recorded in the previous quarter according to a report from FundSingapore/Morningstar.

The 44% drop comes despite a 32% quarter-on-quarter rise in total net inflows, to $5.4b for Q3.

Fixed-income funds however, “recovered strongly” according to the report with net flows growing nearly four times to $3.3b.

Asian fixed-income funds led the inflows with $1.8b which was driven by investor interest in Asian credit and regional yields.

Equity funds saw inflows of $164m, but demand for Singapore equity surged, nearly doubling to $448.5m.

“Smaller inflows were observed in fixed-income miscellaneous funds of $76m, while US and emerging-markets fixed-income sustained mild outflows of $46.9m and $4.9m, respectively,” the report noted.

In terms of performance, CPFIS (Central Provident Fund Investment Scheme)-included funds posted strong returns, with three-month average returns of 7.88% and one-year gains of 11.78%.

Over three years, returns averaged 37.03%, or an annualised 10.74%. Unit trusts also performed well, delivering returns of 8.8% over three months and 12.41% over a year.

Singaporean investors also allocated funds to the precious metals equity sector which $87.1m amidst rising interest in gold and rare minerals.

Investment-linked insurance products, returned 7.18% in Q3 and 11.31% over one year.

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