To understand how much money is parked in Singapore, this CNN article will give a good idea. Singapore has $550 billion assets under management as of 2011 whereas Switzerland has $2.8 trillion. This may change in 2020 where Singapore is likely to overtake Switzerland. This makes sense as we not only attract the Americans and Europeans but also the Asians. The wealthy asians includes the chinese, indonesians and indians. They would prefer somewhere nearer to Asia than somewhere half way round the world. Well, good future for your children to study investment, banking or wealth management.
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