Singapore Appoints First 3 Asset Managers to Invest S$1.1 Billion in Local Equities

Temasek-backed Fullerton Fund Management, JP Morgan Asset Management, and Avanda Investment Management are the first three asset managers selected to tap into a S$5 billion investment fund initiative in Singapore. The Equity Market Development Programme aims to revive Singapore's equity market by allocating an initial sum of S$1.1 billion to these managers. The selection was based on factors like fund strategies alignment, ability to attract foreign capital, and commitment to enhancing asset management capabilities in Singapore.

These strategies focus on enhancing liquidity and increasing participation in Singapore equities, particularly in small and mid-cap stocks. Over 100 asset managers showed interest in the programme, which is open to both local and international players, with more selections to be announced in the fourth quarter of 2025.

MAS will also allocate S$50 million to the Gems Scheme until 2028 to support equity market research and reduce listing costs for issuers. The increased funding aims to promote investor awareness, support retail investors, and encourage long-term investments. The initiative aligns with efforts to enhance market disclosure and attract quality listings in Singapore.

According to the source: The Business Times.