With new law, S'pore makes it easier for investment firms to park their funds

📆 15/01/2020 12:47:00
📰 fmtoday

⏱ Reading Time:
28 sec. here
2 min. at publisher
📊 Quality Score:
News: 14%
Publisher: 72%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

New act comes as more Hong Kong-based asset managers are inquiring about opening offices in the republic. FMTNews Singapore VariableCapitalCompaniesAct

January 15, 2020 3:44 PM

While many asset managers have offices in Singapore, most of their funds are still registered in offshore jurisdictions. Singapore’s asset-management industry grew more than 5% to S$3.4 trillion in 2018, according to the Monetary Authority of Singapore. There was about US$74 trillion of assets under management globally in 2018, according to Boston Consulting Group Inc.

That means just a single set of service providers, financial statements and board of directors are required for multiple sub-funds, substantially cutting costs.

Écrire un Commentaire

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

New reforms to boost investment in China
La source: staronline - 🏆 4. / 75 Lire la suite »