Fullerton Fund Management has been selected by the Monetary Authority of Singapore to manage a Singapore equities mandate under the Equity Market Development Programme (EQDP). This initiative aims to enhance Singapore’s asset management and research ecosystem whilst increasing investor interest in the local equities market. Fullerton plans to launch a dedicated Singapore equities unit trust to attract investor assets from both local and international segments.
The EQDP focuses on asset managers with a strong emphasis on Singapore-listed equities and aims to broaden investor participation beyond large-cap stocks. Fullerton, a home-grown investment specialist with over 20 years of experience, aligns with these goals due to its robust track record and proven investment capabilities. The programme’s selection criteria also highlighted the importance of a commitment to the EQDP’s objectives.
Chief Executive Officer Jenny Sofian expressed gratitude for the trust placed in Fullerton, stating, “This appointment is a strong validation of our commitment to Singapore’s capital markets.” She emphasised Fullerton’s strategic intent to contribute to a more vibrant investment ecosystem by linking buy-side and sell-side communities and fostering broader investor interest in mid-cap Singapore public equities.
Chief Business Development Officer Mark Yuen noted the current market volatility, influenced by dollar weakness and global interest rate movements, as a factor driving demand for Singapore and SGD-denominated assets. He stated, “We will be bringing a solution to the market in line with the goals of the EQDP.”
Fullerton’s initiative under the EQDP is expected to play a significant role in strengthening Singapore’s fund management and research ecosystem, potentially leading to increased investor participation and market liquidity.
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