MAS’ S$5 billion investment fund set to lift undervalued, small-cap stocks: analysts
However, they caution that success will hinge on how asset managers execute mandate and use resources
[SINGAPORE] Market reaction to the appointment of the first three asset managers to tap Singapore’s S$5 billion Equity Market Development Programme (EQDP) on Monday (Jul 21) has been largely optimistic.
But analysts caution that the initiative’s success in spurring the equities market will depend on how these managers execute the mandate and utilise resources for long-term market growth.
The Monetary Authority of Singapore (MAS) will inject a combined initial sum of S$1.1 billion to the three asset managers – Fullerton Fund Management, JP Morgan Asset Management and Avanda Investment Management. Each is likely to take a different approach.
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