Singapore’s growth as a global hub for asset management is accelerating with the launch of the Variable Capital Company (VCC). The new fund structure is targeting a launch date of year-end 2019, and the VCC will create a new option as a key domiciliation hub and enhance its current position as a full-service fund jurisdiction. A draft bill for the VCC was first presented at parliament for first reading on 10 September 2018, and the Variable Capital Companies (Miscellaneous Amendments) Bill 2019 was subsequently passed on 3 September 2019.