The introduction of the Variable Capital Companies (VCC) framework seeks to position Singapore as a leading fund domiciliation hub, and strengthen Singapore’s position as a full-service international fund management centre.
Located in the heart of fast-growing Asia, Singapore has positioned itself as a developed pan-Asian asset management centre with a conducive environment for asset managers and asset owners to locate and hub their investment activities.
We have a strong pool of regional and global players offering and managing traditional and alternative investment strategies using Singapore as a gateway to source for and access regional investment opportunities. Asia Pacific accounts for the significant bulk of funds sourced and re-invested into.
Singapore is also an attractive location for global public investors and asset owners, such as sovereign wealth and pension funds, to access public and private market opportunities across Asia and ASEAN. In addition, to position Singapore as a leading fund domiciliation hub, MAS has introduced the new Variable Capital Companies (VCC) framework to provide a new corporate structure for investment funds which seeks to facilitate the co-location of fund managers’ substantive fund management and domiciliation activities in Singapore.
Mr Ravi Menon, Managing Director, MAS, spoke on three investment themes that investors can consider to achieve wellness in their investment.
Ms Abigail Ng, Executive Director, MAS, spoke about the trends in the S-REIT sector and MAS’ regulatory approach for the sector including the upcoming consultation on the requirements for REITs.
Mr Ong Ye Kung, Minister for Education and MAS' Board Member, spoke on the vibrancy of Singapore's investment management industry, including the introduction of the Variable Capital Company framework.
Mr Lim Cheng Khai, Executive Director, MAS, shared MAS' supervisory approach for fund managers, as well as MAS' use of data analytics to enhance our supervision and surveillance.
In the Second Reading Speech for the Variable Capital Companies Bill (2018), Ms Indranee Rajah, Second Minister for Finance, provided the rationale for the VCC framework and touched on four key areas of the Bill.