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Singapore funds industry anticipates robust growth with VCC incentives

Singapore

Despite the global COVID-19 pandemic, the Singapore funds industry has experienced robust growth this year in large part due to the implementation of the Monetary Authority of Singapore's new variable capital company (VCC) structure, which offers significant opportunity to managers and investors alike. Indeed, while the majority of managers setting up VCCs are based in Singapore, we're now also seeing a lot of foreign interest in Singapore as a funds domicile as well as an uptick in queries from managers in the US and Europe who work with large Asian investors.

To discuss this new structure and the state of Singapore's funds industry in more detail, US-based accounting firm EisnerAmper recently sat down with IQ-EQ's Jimmy Leong, Chief Commercial Officer for Asia, alongside Saw Meng Tee, Managing Partner of EisnerAmper Singapore, who both shared their insights. Click below to read the write-up of this interview:

Read article on EisnerAmper's blog

 

Related content:
IQ-EQ CFO e-Lab: Opportunities presented by the Singapore VCC