Standard Chartered Bank Creates Variable Capital Company (VCC) Fund Structure Standard Chartered Fund in Singapore to Launch Fund Solutions for HNW, Accredited & Professional Investors, VCC is a Holding Vehicle Allowing for Quick, Lower-Cost & More Efficient Fund Launch & Management via Sub-Funds, Standard Chartered Bank Will Appoint Global Fund Managers as Sub-Investment Managers & to Launch Innovative & Relevant Fund Solutions for Global Affluent Clients
12th June 2024 | Hong Kong
Standard Chartered Bank has created a Variable Capital Company (VCC) fund structure (Standard Chartered Fund) in Singapore to launch fund solutions for HNW (high net worth), accredited & professional investors. The Variable Capital Company (VCC) is a holding vehicle, allowing for quick, lower-cost & more efficient fund launch & management via sub-funds. With the VCC fund structure, Standard Chartered Bank will appoint global fund managers as sub-investment managers, and to launch innovative & relevant fund solutions for global affluent clients. The Singapore Variable Capital Company (VCC) is a new corporate structure for investment funds in Singapore (14th January 2020). It can be formed as a single standalone fund, or as an umbrella fund with 2 or more sub-funds, each holding different assets. In 2022, there are 969 Variable Capital Companies (VCCs) (1,995 sub-funds) managed by 544 regulated FMCs. VCC Fund Strategies – PE & VC 40%, EAM & MFO 21%, Hedge Fund 19%, Traditional 16%, Others 4%. In 2023 January, Singapore central bank Monetary Authority of Singapore (MAS) extended the Variable Capital Companies Grant Scheme (VCCGS) for 2 years till 2025 (15/1/25), with the grant to co-fund 30% & maximum of S$30,000 of qualifying expenses to service providers (legal, tax, admin, compliance) to incorporate or register VCC in Singapore. In 2024 May, Standard Chartered Bank raised more than $1 billion for Standard Chartered Signature CIO Funds in 4 funds – Conservative, Income, Balanced & Growth. The Standard Chartered Signature CIO Funds were launched in late 2022 with Signature CIO Growth Fund generating +28% return since launch. The funds are available to retail investors in 12 markets including Singapore, Hong Kong, China,Taiwan, Malaysia, Brunei, South Korea in Asia.
“ Standard Chartered Bank Creates Variable Capital Company (VCC) Fund Structure Standard Chartered Fund in Singapore to Launch Fund Solutions for HNW, Accredited & Professional Investors, VCC is a Holding Vehicle Allowing for Quick, Lower-Cost & More Efficient Fund Launch & Management via Sub-Funds, Standard Chartered Bank Will Appoint Global Fund Managers as Sub-Investment Managers & to Launch Innovative & Relevant Fund Solutions for Global Affluent Clients “
Patrick Lee, Chief Executive for Singapore & ASEAN, & Chair Of the SC Fund: “Through SC Fund, we will be able to issue and manage innovative and relevant fund solutions for our global affluent clients in key markets across Asia, Africa and the Middle East, right here from Singapore.”
The Singapore Variable Capital Company (VCC) is a new corporate structure for investment funds in Singapore (14th January 2020). It can be formed as a single standalone fund, or as an umbrella fund with 2 or more sub-funds, each holding different assets. In 2022, there are 969 Variable Capital Companies (VCCs) (1,995 sub-funds) managed by 544 regulated FMCs. VCC Fund Strategies – PE & VC 40%, EAM & MFO 21%, Hedge Fund 19%, Traditional 16%, Others 4%. In 2023 January, Singapore central bank Monetary Authority of Singapore (MAS) extended the Variable Capital Companies Grant Scheme (VCCGS) for 2 years till 2025 (15/1/25), with the grant to co-fund 30% & maximum of S$30,000 of qualifying expenses to service providers (legal, tax, admin, compliance) to incorporate or register VCC in Singapore.
Standard Chartered Bank Raised $1 Billion for Signature CIO Funds in 4 Funds Conservative, Income, Balanced & Growth, Launched in Late 2022 with Signature CIO Growth Fund Generating +28% Return, Available to Retail Investors 12 Markets Including Singapore, Hong Kong, China,Taiwan, Malaysia, Brunei, South Korea in Asia, $2.2 Trillion Amundi Asset Management is the Investment Manager for the Signature CIO Funds
15th May 2024 – Standard Chartered Bank has raised more than $1 billion for Standard Chartered Signature CIO Funds in 4 funds – Conservative, Income, Balanced & Growth. The Standard Chartered Signature CIO Funds were launched in late 2022 with Signature CIO Growth Fund generating +28% return since launch. The funds are available to retail investors in 12 markets including Singapore, Hong Kong, China,Taiwan, Malaysia, Brunei, South Korea in Asia. Amundi Asset Management with $2.2 trillion AUM (Assets under Management) is the investment manager for the Signature CIO Funds. Signature CIO Funds – The Signature CIO Funds are a range of four funds designed to provide investors access to Standard Chartered’s CIO views via a globally diversified multi-asset fund of funds/ETFs portfolio. Clients investing in these funds are exposed to a diversified portfolio that invests in Global Equities, Global Bonds, Commodities, Liquid Alternatives, Cash.
Signature CIO Funds – The Signature CIO Funds are a range of four funds designed to provide investors access to Standard Chartered’s CIO views via a globally diversified multi-asset fund of funds/ETFs portfolio. Clients investing in these funds are exposed to a diversified portfolio that invests in Global Equities, Global Bonds, Commodities, Liquid Alternatives, Cash.
Standard Chartered Bank Raised $1 Billion for Signature CIO Funds in 4 Funds Conservative, Income, Balanced & Growth, Launched in Late 2022 with Signature CIO Growth Fund Generating +28% Return, Available to Retail Investors 12 Markets Including Singapore, Hong Kong, China,Taiwan, Malaysia, Brunei, South Korea in Asia, $2.2 Trillion Amundi Asset Management is the Investment Manager for the Signature CIO Funds
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