Currently, family offices can invest in a range of other asset classes ranging from debt securities to funds managed by other managers here as well as privately-held businesses here.
Well-off foreigners who want to join the growing trend of setting up family offices here in Singapore will soon be nudged into channelling a significant proportion of their assets to be parked here into Singapore-listed stocks.
As part of the long list of proposals put forward by the equities market review group on Feb 21, new single-family offices with assets under management (AUM) of at least $200 million are to channel at least $50 million into local stocks under the global investor programme (GIP).
