Broad-based growth across traditional mutual funds and alternative products. : Traditional and alternative funds were the drivers that took net inflows to S$220bn, which compares with net inflows of S$116bn in 2016. The traditional sector’s assets increased 20%, compared to just 3% in 2016, while alternative assets rose a steady 17%, led by private equity and hedge fund managers. Most of Singapore’s AUM (78%) was sourced from investors abroad, with the majority of offshore investors based in Asia Pacific ex-Singapore.