Singapore wealthy clients' average assets reach US$1.5 million as mutual fund ownership leads Asia: Citi Wealth report
Citi Wealth published a white paper, prepared with RFI Global, showing Singapore HNW clients' average assets rose 6% to US$1.50 million in 2026, while Affluent client assets grew 5% to over US$565,000. The report highlights Singapore's role as a regional wealth hub, with cross-border inflows led by Indonesia (41% of customers) and Malaysia (36%), and the highest mutual fund ownership in Asia at 31% among HNW investors. Despite rising fund adoption, roughly 72-74% of onshore and offshore assets remain in deposits, which Citi frames as an advisory diversification opportunity.
Key figures
- Rm net promoter score
- +31 in 2026, up from +19 in 2022
- Mutual fund ownership hnw
- 31%
- Offshore assets in deposits
- 74%
- Singapore hnw avg assets usd
- 1500000
- Singapore hnw avg assets yoy
- 6%
- Singapore affluent avg assets usd
- 565000
- Singapore affluent avg assets yoy
- 5%
- Onshore affluent assets in deposits
- 72%
AI analysis
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