Singapore's new fund structure a step in right direction

Singapore

THE move to lure funds managed from Singapore to also domicile in the Republic offers great potential for the industry, but that alone may not be enough to break the inertia behind them choosing existing tried and tested rival domiciles.

Industry players who embraced the new law allowing a new type of corporate entity called the Variable Capital Company say some sweeteners may be needed to compel a move here.

Singapore's fund management industry has enjoyed healthy growth in its assets under management in recent years. But much o…