US emerges as the top source economy of Singapore's portfolio investment liabilities

Singapore's portfolio investment liabilities were at $593b as of the end of June 2023.

The United States is the top source economy of Singapore’s total portfolio investment liabilities in 1H23, data from the Department of Statistics Singapore showed.

SingStat defined portfolio investment liabilities as " the stock of non-residents’ holdings of Singapore’s equity and investment fund shares, and debt securities, other than those included in direct investment."

The United States, the United Kingdom, Hong Kong, Luxemburg, and Mainland China collectively accounted for 61.4 per cent of Singapore’s total portfolio investment liabilities in 1H23.

Singapore's total portfolio investment liabilities dropped 1.5% to $593b compared to the previous half year.

"The decline was due to decreased holdings of debt securities which fell 5.7 per cent, while equity and investment fund shares rose 1.0 per cent over the period," Singstat explained,

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