Key facts
- Average assets for Singapore's high-net-worth clients grew 6% to $1.5 million.
- Mutual fund ownership among these investors reached 31%, the highest in Asia.
- A significant portion of portfolios, over 70%, remains in cash and liquid deposits.
- Singapore leads in intergenerational wealth preparedness with 76% having succession plans.
Singapore's domestic and overseas wealth pool has expanded over the past year, with average assets among high-net-worth clients rising 6% to $1.5 million, according to a white paper by Citi Wealth and RFI Global. Assets for affluent clients increased 5% to over $565,000. The study explored Singapore's position in global wealth markets. Mutual fund ownership among high-net-worth investors nearly tripled from 11% in 2022 to 31% in 2026, marking the highest adoption in Asia. However, a significant portion of portfolios, 72% onshore and 74% offshore, remains concentrated in cash and liquid deposits, reflecting a broader regional preference for liquidity. Singapore also leads in intergenerational wealth preparedness, with 76% of individuals aged 55 and above having established wills or wealth succession plans.