Singapore's new fund structure makes a strong start

78 funds set up since launch in January; MAS looking at tweaks to cater to robust response

ST ILLUSTRATION: MANNY FRANCISCO
Gift this subscriber-only story to your friends and family

Despite the Covid-19 pandemic casting the financial world into a state of tumult, Singapore has made surprising progress in its latest attempt to woo fund managers to its shores.

In fact, the response to the new fund management structure - enshrined under the Variable Capital Companies (VCCs) Act that went into effect in January - has been so overwhelming that the authorities are looking at ways to tweak the framework to accommodate growing interest and more products.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Follow ST on LinkedIn and stay updated on the latest career news, insights and more.

A version of this article appeared in the print edition of The Straits Times on July 07, 2020, with the headline Singapore's new fund structure makes a strong start. Subscribe