10 Facts about the Singapore Financial Market

Currency from Singapore

1. Singapore is one of only 14 economies in the world with a sovereign credit rating of AAA from Standard & Poor’s.

2. The Singapore Exchange (SGX) is Asia’s most internationalized exchange with more than 40% of companies listed originating outside of Singapore. SGX also offers the world’s largest offshore market for Asian equity futures market, which is centered on Asia’s three largest economies: China, India, and Japan.

3. Singapore is the fourth-largest foreign currency trading center in the world, according to the Bank for International Settlements.

4. The Singapore dollar is the 12th most traded currency, out of 182 currencies in the world. Look closely at the S$1,000 note — the entire lyrics of the national anthem are printed in microtext on the back of each.

5. Singapore is the fourth-strongest financial market in the world. The World Economic Forum praised the country for its high degree of financial stability, bank efficiency, and commercial access to capital.

6. The Singapore-dollar bond market is one of the most international bond markets in Asia, with more than a quarter of its private bonds coming from foreign issuers.

7. Singapore has the highest concentration of millionaire households, with 15.5% of all households having at least $1 million in assets under management.

8. And with all those millionaires and more wealth coming in from across Asia, Singapore could overtake Switzerland as the world’s largest offshore wealth hub by 2020, according to WealthInsight, a London-based research firm.

9. CFA Society Singapore is the first and oldest member society of CFA Institute outside North America. It is one of the top 10 largest member societies.

10. There are more than 500 players in the asset management industry in Singapore, with total assets under management of more than S$1.4 trillion.

Please note that the content of this site should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute.

Photo credit: ©iStockphoto.com/sphoom

This entry was posted in Archives and tagged , , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *