23/08/2025
MAS kicks off its S$5 billion equity market development plan by appointing three managers—Avanda, Fullerton and JP Morgan—to oversee S$1.1 billion in initial investments aimed at boosting liquidity and market participation. This is paired with stronger support for equity research and listing incentives—key steps toward revitalising the SGX
The asset managers will initially manage S$1.1 billion (US$856 million) and MAS is still reviewing submissions from other applicants.