The Variable Capital Company (VCC) is a new corporate entity structure under which several collective investment schemes (whether open-end or closed-end) may be gathered under the umbrella of a single corporate entity and yet remain ring-fenced from each other.

It is similar to the open-ended investment company structure in the UK and protected cell company or segregated portfolio company structures in jurisdictions like Guernsey or the Cayman Islands.

The new corporate entity structure will give funds an alternative to the existing structures available in Singapore, namely, unit trusts, limited partnerships, limited liability partnerships and companies.