Focus Areas
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.
Asset Management
A leading pan-Asian asset management and domiciliation hub that gives investors access to global opportunities.
Overview
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 and ACRA launched the new Variable Capital Companies (VCC) framework in January 2020 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.
Asset Management Survey - Annual survey of asset management activities in Singapore.
View the list of fund management companies
Key Facts
S$3.4 trillion
Assets under management
890+
Registered and licensed fund managers
Singapore is a leading asset management hub for institutional investors and fund managers to access pan-Asian opportunities.
Ravi Menon, Managing Director, MAS
Connecting Global Markets, Supporting Asia’s Growth
Regulations and Guidance
Fund managers are regulated under the Securities and Futures Act as fund management companies or venture capital (VC) fund management companies.
VC managers are under a simplified regulatory regime that takes into account contractual safeguards already present in typical contracts negotiated by VC managers’ sophisticated investor client base.
What's New
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"Riding the Growth Momentum in Asia" – Keynote Speech by Ms Jacqueline Loh, Deputy Managing Director (Markets & Development), Monetary Authority of Singapore, at Asian Financial Markets Forum (Prelude) on 22 January 2021
Ms Jacqueline Loh, MAS’ Deputy Managing Director, spoke about the key trends and opportunities in Asian financial markets – focusing on opportunities from harnessing technology and in sustainable finance.
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“Harnessing the Power of Finance for a Sustainable Future”- Keynote Speech by Mr Ravi Menon, Managing Director, MAS, at the Financial Times Investing for Good Asia Digital Conference on 13 October 2020
Mr Ravi Menon, Managing Director of MAS, spoke on the opportunity to build a more resilient and sustainable world emerging from COVID-19, and provided an update on Singapore’s Green Finance Action Plan to facilitate Asia’s transition to a sustainable future.
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Consultation Paper on the Proposed Framework for Variable Capital Companies Part 3
This consultation sets out MAS’ proposed subsidiary legislation relating to the insolvency and winding up of a variable capital company (VCC) and its sub-funds.
- Consultation number:
- P014-2019
- Start date:
- 24 July 2019
- Closing date:
- 24 August 2019
- MAS response date:
- 15 January 2020
- Status:
- Responded
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Consultation Paper on the Proposed Framework for Variable Capital Companies Part 2
This consultation sets out MAS' proposed subsidiary legislation for a new corporate structure that is tailored for collective investment schemes, known as the variable capital company (VCC).
- Start date:
- 30 April 2019
- Closing date:
- 30 May 2019
- MAS response date:
- 15 January 2020
- Status:
- Responded
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"Variable Capital Companies (Miscellaneous Amendments) Bill" - Second Reading Speech by Ms Indranee Rajah, Second Minister for Finance, on 3 September 2019
In the Second Reading Speech for the Variable Capital Companies (Miscellaneous Amendments) Bill, Ms Indranee Rajah, Second Minister for Finance, elaborate on the two broad categories of the Bill - (1) Amendments to Tax Acts; and (2) Amendments to VCC Act.