The Monetary Authority of Singapore (MAS) has announced an expansion of its Equity Market Development Programme (EQDP), increasing its funding from S$5b to S$6.5b. This decision, revealed on 12 February 2026, aligns with the government’s Budget 2026 initiative to enhance the Financial Sector Development Fund.
Launched in February 2025, the EQDP aims to bolster Singapore’s local fund management industry and stimulate investor engagement in Singapore equities. To date, MAS has allocated S$3.95b across nine asset managers, reflecting strong interest and a steady influx of applications.
The expanded programme will enable more high-quality asset managers, particularly those focusing on Singapore equities, to receive funding. This move is expected to attract additional third-party investments, thereby strengthening the capital base for Singapore-listed companies with solid fundamentals. The next group of EQDP managers is anticipated to be appointed by mid-2026.
This expansion is a strategic effort to ensure a vibrant and well-functioning equities market in Singapore, supporting the growth of local companies and enhancing the overall financial ecosystem.
