‘Encouraging momentum’: Fund managers on Singapore’s S$6.5 billion equity push amid volatile markets
SGX says there is ‘strong support for the programme’s long‑term focus on market fundamentals’
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[SINGAPORE] Fund managers under the Monetary Authority of Singapore’s (MAS) S$6.5 billion Equity Market Development Programme (EQDP) have seen an encouraging response from investors despite heightened global uncertainty and market volatility.
The programme was introduced last November. Assets under management (AUM) and investor interest continue to grow, with several managers saying their funds are already substantially or fully invested.
“We would characterise our EQDP capital as fully invested,” said Michelle Sim, portfolio manager of the Fullerton Singapore Value-Up EQDP fund at Fullerton Fund Management.
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