More funds and products expected, as market awaits details about Singapore’s S$5 billion equities push
Analysts see MAS’ initiative as positive step, but add that factors such as investor protection and governance, proper understanding of the scope of the measures are also important
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[SINGAPORE] The S$5 billion Equity Market Development Programme (EQDP) that was announced by the Monetary Authority of Singapore (MAS) in February will likely encourage more funds and products to come to the local market, even as questions remain on its potential effectiveness, said industry watchers.
“A lot of the Singapore-based fund managers we spoke with are awaiting more details of the programme to see how they can create a product that is suited to the requirements,” said Jason Saw, group head of investment banking at Asian broking house CGS International.
He expects more funds to launch, given the EQDP’s focus on directing capital into domestic markets.
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