The Singapore Variable Capital Company (VCC) is a multi-purpose tool, designed to provide asset managers and servicers with flexibility to meet investor needs.
Ahead of its launch in January, Funds Europe discussed Singapore’s VCC framework with panels in Frankfurt and Paris.
Annie Shum, institutional business deputy head at CSOP Asset Management, examines the institutionalisation and internationalisation of China’s capital market, setting up shop in Singapore and the appeal of the city state’s recently launched Variable Capital Company.
Gillian Tan, executive director, financial markets development department at the Monetary Authority of Singapore, explains how it studied and adapted the best-in-class features from leading fund domiciles to cater to the needs of the city-state’s fund managers.
Hong Kong, Australia and Singapore recently introduced new corporate fund structures (the OFC, CCIV and VCC respectively), which are designed to be internationally competitive and entice asset managers to domicile investment funds in the Asia Pacific (APAC) region.
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