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Bank of Singapore grows DPM assets 20% in 2025

China, Hong Kong, Malaysia clients drove the DPM growth.

The Bank of Singapore reported a nearly 20% growth in assets under its discretionary portfolio management (DPM) service in 2025, with Singapore-focused mandates doubling in size over the year.

The increase was driven by strong demand from high-net-worth investors and family offices in China, Hong Kong, Malaysia, and Singapore, seeking to diversify away from US dollar-denominated portfolios.

These mandates, which allocate 40–95% to Singapore equities, also invest in local bonds and cash.

Investors were attracted by Singapore’s high dividend yields (4–5%), a stable economy and currency, and government initiatives supporting equity markets.

The Bank’s Singapore-focused portfolios delivered double-digit returns in 2025, with one mandate achieving 12% annualised returns over five years, outperforming the MSCI Singapore Index.
 

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