What are fund managers and how can they revive the market via new MAS incentives?

[SINGAPORE] Last year, the Monetary Authority of Singapore (MAS) set up a review group to revive the Singapore equity market. The group is committed to studying ideas to encourage listings, increase investor participation, and improve the listing process, among other moves.

In February, the review group unveiled its first set of measures, including some targeting fund managers.

These measures include tax exemptions on their qualifying income arising from funds investing substantially in Singapore-listed equities, as well as an enhanced concessionary tax rate for newly listed fund managers.