MAS allocates S$1.45 billion to five asset managers in third EQDP batch: Chee Hong Tat
The central bank introduces S$20 million market making grant under Gems scheme
The Monetary Authority of Singapore (MAS) has allocated S$1.45 billion to five asset managers under the Equity Market Development Programme (EQDP) in the third batch, bringing the total allocations under the initiative to S$5.4 billion out of the S$6.5 billion target. The five managers appointed in the third batch are Amundi, Franklin Templeton, HSBC Asset Management, M&G Investments, and Natixis Investment Managers.
Additionally, MAS will commit S$20 million from the Financial Sector Development Fund to a market making grant under the Gems scheme, aimed at improving trading liquidity in Singapore-listed stocks. These measures are part of Singapore's efforts to strengthen its equities market, following the Equities Market Review Group's final report in November 2025.
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