BOS: DPM Assets Grow Amid Demand for Singapore Equities
The private banking arm of OCBC registered growth in discretionary portfolio management assets, with those invested in the Singaporean market being a key highlight.
Bank of Singapore’s discretionary portfolio management (DPM) asset under management grew nearly 20 percent year-on-year in 2025, according to a statement.
Singapore-focused discretionary mandates were a notable highlight, with assets from such investments doubling last year. Demand was sourced from high net worth clients and family offices, particularly from mainland China, Hong Kong, Malaysia and Singapore.
Such mandates allocate between 40 and 95 percent to Singapore equities, with the remaining invested in Singapore dollar-denominated bonds and cash.
No absolute figures were provided for assets under management in the aforementioned discretionary mandates.
Diversifying Away from US Dollar
According to the bank, investor demand in Singapore-focused discretionary mandates was driven by the need to diversify and reduce concentration risk in US dollar-denominated portfolios. Attractive dividend yields and valuations were also key drivers. In 2025, these Singapore-focused mandates achieved double-digit investment returns.
«The strong interest in Singapore assets reflects the country’s robust economy, strong governance, and sound financial regulations, making it an attractive market for investment. From a portfolio perspective, Singapore equities and bonds offer diversification and defensiveness during uncertain times. Exposure to the Singapore dollar also provides diversification against currency volatility,» commented Jean Chia, Bank of Singapore's chief investment officer.
«Going into 2026, we remain constructive on Singapore equities. Apart from sound fundamentals and healthy economic growth, the favorable risk-reward versus most developed markets should provide strong price support despite recent gains.»
