Variable Capital Companies (VCCs) in Singapore increase by 65%

The number of Variable Capital Companies (VCCs) in Singapore rose to 660 as of October 14, up from 400 last year, and adoption will continue to pick up pace among local and global investment firms. The 660 VCCs represented over 1,300 sub-funds and are managed by 420 regulated fund management companies, according to the Monetary Authority of Singapore’s asset management survey 2021, released last week. This compared with the 300 asset managers that had incorporated or re-domiciled …