Single family offices unlikely to flock to Singapore equities until market returns pick up: industry watchers
CHANGES to tax incentives for single family offices (SFOs) will draw attention to Singapore equities, industry players said, but fund flows will still depend on the market’s ability to deliver returns.
Much also depends on the family offices’ investment strategy, said market watchers. They pointed also to the local market’s lack of liquidity and depth, and suggested SFOs might prefer private assets.
“Family offices are no different from any other investor – we want to make money without taking too much risk,” said Bryan Goh, chief executive of the Tsao Family Office.
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