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Singapore to remove fund 5% cap on gold physical investment
Singapore has unveiled a package of measures designed to position the city-state as the dominant gold trading hub in Asia, with Deputy Prime Minister Gan Kim Yong announcing the removal of a longstanding investment cap, a new OTC clearing system and central bank vaulting services at the Asia-Pacific Precious Metals Conference on Monday. The most immediate change for capital flows is the removal of the 5% ceiling on physical precious metals investment under MAS tax-incentive schemes for eligible funds and family offices. The cap has constrained how much managed money in Singapore could be allocated to physical gold, ... (full story)
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- Jun 14, 9:06pm | 1 hr 43 min ago Posted byFundamental Analysis63
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