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How VCCs will help Singapore become the 'Luxembourg of Asia'

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Luxembourg handles 62 per cent of cross-border investment funds worldwide from over 70 countries, and 98 of the top 100 asset managers globally have funds domiciled in the small European duchy.

IN 1988, the Grand Duchy of Luxembourg became the first country to implement the Undertakings for the Collective Investment in Transferable Securities (UCITS) Directive into national law, after the European Union issued the original UCITS regulations in 1985 creating a harmonised regime...

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