MAS Selects Asset Managers for USD859m Singapore Equity Market Boost
- Asia First
- Jul 24
- 1 min read
Updated: Jul 30
The Monetary Authority of Singapore (MAS) has appointed Fullerton Fund Management, JP Morgan Asset Management, and Avanda Investment Management as the first asset managers under its Equity Market Development Programme.
A combined SGD1.1bn (USD859m) will be allocated to enhance liquidity and participation in Singapore-listed equities, particularly small and mid-cap stocks. The initiative is part of a wider SGD5bn fund launched in February 2025 to attract third-party capital and strengthen the local capital market.
MAS stated that over 100 asset managers have shown interest in the programme, which remains open for additional participants.