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: Operational challenges

Jun 09, 2018

Caroline Higgins of Northern Trust tells George Mitton about A-share inclusion, ETF Connect and why Cayman funds predominate in the region.

INTERVIEW: Making a name

Apr 18, 2018

Formed by a merger in 2012, Old Mutual Global Investors was little-known in Asia. Carol Wong, managing director for Asia-Pacific, is changing that. She talks to George Mitton.

Roundtables

SINGAPORE ROUNDTABLE: Optimism versus caution

Oct 23, 2018

The impact of financial technology, developments in Asian passporting and the promise of new markets in Thailand were among the topics discussed by our panel. Chaired by George Mitton in Singapore.

HONG KONG ROUNDTABLE: a long-term project

Jun 09, 2018

Our panel discussed robo-advisers, ETF Connect, and why the mutual recognition of funds (MRF) scheme will take time to develop. Chaired by George Mitton in Hong Kong.