Asset managers flock to Singapore's new corporate structure

Photo by Kit Suman on Unsplash

Singapore’s central bank said on Wednesday that more than 400 variable capital companies (VCCs) have been set up or re-domiciled in the city-state in less than two years since the new corporate structure was launched to cement its position as a financial hub.

The framework gives fund managers more flexibility in share issuance and dividend payment, and allows them to set up multiple funds in a single VCC to reduce costs.

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