The Monetary Authority of Singapore (MAS) has announced a significant move to bolster the local stock market by appointing three asset managers and injecting S$1.1b into Singapore equities. This initiative, part of the S$5b Equity Market Development Programme (EMDP), aims to enhance market liquidity and support the growth of Singapore’s financial sector. The appointed asset managers are Avanda Investment Management, Fullerton Fund Management, and JP Morgan Asset Management.
In addition to the liquidity injection, MAS is setting aside S$50m to strengthen the equity research ecosystem and listing support. This funding will enhance the Grant for Equity Market Singapore (GEMS) scheme, which is extended until 31 December 2028. The scheme aims to boost investor awareness and trading interest, particularly in small and mid-cap companies, by providing additional funding for research reports.
MAS is also focusing on strengthening investor protection to bolster market confidence. The authority has identified key areas such as enabling legal action, facilitating self-organisation, and providing access to funding. A consultation on these proposals is expected later this year.
The announcement highlights the strategic importance of the EMDP in enhancing Singapore’s financial market infrastructure. The next phase of asset manager appointments is anticipated by the fourth quarter of 2025. This initiative is expected to create a virtuous cycle of growth and investment in the Singaporean stock market, benefiting both investors and companies alike.
“`
