News

Lawmakers mull S-Vacc as Singapore aims to be funds hub

Singapore_parliamentThe Singapore Variable Capital Company (S-Vacc), a legal structure designed to cater to investment funds, is being discussed by legislators as part of its journey into law. On September 10, the second minister for finance, Indranee Rajah, moved the Variable Capital Companies Bill for its first reading in parliament. “The introduction of the VCC structure will encourage fund managers in Singapore to establish the domicile of their investment funds in Singapore and help strengthen Singapore’s position as a full-service international fund management centre,” said a statement on the bill from the Monetary Authority of Singapore. Proponents of the S-Vacc say the structure will stimulate the city-state’s investment funds industry by making Singapore a more appealing jurisdiction in which to domicile funds. Currently, established jurisdictions such as the Cayman Islands and Luxembourg serve as domiciles for a large proportion of investment funds managed or sold in Singapore. ©2018 funds global asia

Executive Interviews

Interview: Money needs a place to go

Mar 11, 2019

Peng Fei, chief investment officer at Wanwei Asset Management, tells Romil Patel about allocating capital across risk factors when asset performance is uncertain and unpredictable.

INTERVIEW: Giving peace a chance

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As US-China tensions escalated in 2018, the leaders of the two economies met in Buenos Aires to agree a truce. Aidan Yao, senior emerging Asia economist at Axa Investment Managers, talks to Romil...

Roundtables

Singapore roundtable: A money magnet

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Our panel discussed why the Singapore Variable Capital Company makes them bullish, what gives the onshore jurisdiction an offshore feel and “blood on the streets” from China’s slowdown. Chaired by Romil Patel in Singapore.

HONG KONG ROUNDTABLE: A sunny picture

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Changes to regulation, US-Sino trade tensions and further steps by China to open its capital markets were some of the topics discussed by our panel. Chaired by Romil Patel in Hong Kong.