Singapore’s portfolio investment assets reach $2.69t in 2024

The US topped last year’s portfolio investment assets destination economies.

Singapore’s portfolio investment assets reached $2.690t as of end 2024, up 8.8% from end 2023.

Data from the Department of Statistics Singapore (SingStat) showed that the rise was mainly driven by increased holdings of equity and investment fund shares, which rose 6% over the period. 

Short-term debt securities also increased 20.1% while holdings of long-term debt increased 12.1%. 

The US ranked first among the top five destination economies for Singapore’s portfolio investment assets, followed by mainland China, Japan, India, and the Republic of Korea. 

Collectively, they accounted for 59.1% of Singapore’s total portfolio investment assets as of end 2024. 

SingStat defined portfolio investment as the cross-border investments by an investor in one economy into an enterprise that is resident in another economy with a lesser degree of influence than that of a direct investment relationship.

Singapore’s portfolio investment assets refer to the stock of Singapore residents’ cross-border holdings of non-resident equity and investment fund shares, and debt securities, other than those included in direct investment or reserve assets.