The Monetary Authority of Singapore (MAS) has announced a series of measures designed to bolster Singapore’s position as a leading asset management hub. These initiatives, revealed on 19 August 2026, aim to capitalise on the industry’s growth, which has seen an average annual increase of 7.5% over the past five years, reaching nearly S$7t.
The measures include a tax exemption for profit-related returns from fund management services to qualifying funds, a new hedge fund investment programme, and an Investment Management Track under the Overseas Networks & Expertise (ONE) Pass framework. These steps are intended to attract top asset management talent and anchor high-value activities in Singapore amidst rising international competition.
The tax exemption, set to take effect from the Year of Assessment 2027, will apply to profit-related returns received through commercial fund arrangements. This initiative is expected to sharpen Singapore’s global competitiveness as an asset management hub. Further details will be disclosed at Budget 2027.
Additionally, the Hedge Fund Investment Programme will invest with hedge fund managers committed to establishing or expanding their presence in Singapore, thereby supporting the growth of the local hedge fund ecosystem.
The ONE Pass Investment Management Track, developed in collaboration with the Ministry of Manpower, aims to attract global leaders and senior investment professionals. This track may include adjustments to salary assessments to better reflect industry compensation structures, recognising returns linked to investment performance.
These measures are expected to enhance Singapore’s asset management industry, which currently employs nearly 25,000 people, with locals comprising around 80% of the workforce.
