{
  "id": 10595055,
  "title": "MAS appoints five new asset managers, to inject $1.45b to boost Singapore equities",
  "url": "https://urgent.news/2026/09/29/mas-appoints-five-new-asset-managers-to-inject-1-45b-to-boost",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T03:00:00.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/companies-markets/mas-appoints-five-new-asset-managers-to-inject-1-45b-to-boost-singapore-equities"
  },
  "original_language": "en",
  "account": "Singapore's Monetary Authority has appointed five additional asset managers as part of the $6.5 billion Equity Market Development Programme to enhance the local equities market. This latest batch of asset managers, including Amundi, Franklin Templeton, HSBC Asset Management, M&G Investments, and Natixis Investment Managers, will receive $1.45 billion in investments, with a total of $5.4 billion allocated across the programme so far. The Monetary Authority of Singapore (MAS) announced these additions during the SuperReturn Asia Conference on September 29, as Minister for National Development Chee Hong Tat highlighted the strong foundation laid by the first two batches of asset managers who have already started deploying capital into Singapore equities. Chee emphasized that these new managers bring strong regional market track records and are committed to continuing significant allocations to Singapore. The programme aims to deepen investment capabilities and create quality jobs in the country. MAS is currently reviewing proposals for a fourth batch of asset managers, with announcements expected in 2027. Additionally, a $20 million \"market making\" sleeve under the Grant for Equity Market Singapore scheme has been announced to improve trading efficiency and increase institutional-grade stocks. This scheme is expected to benefit around 80 stocks outside the Straits Times Index, enhancing trading liquidity and reducing execution costs. Chee also noted ongoing efforts to support asset management talent in Singapore, including the introduction of a new investment management track under the Overseas Networks & Expertise Pass (ONE Pass) in late January 2027, which will offer greater flexibility for global leaders and senior investment professionals to meet the qualifying salary requirement.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "MAS allocates S$1.45 billion to five asset managers in third EQDP batch: Chee Hong Tat",
        "url": "https://urgent.news/2026/09/29/mas-allocates-s-1-45-billion-to-five-asset-managers-in-third-eqdp",
        "published": "2026-09-29T03:07:07.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Singapore's MAS to allocate US$1.1bil to asset managers to boost equities market",
        "url": "https://urgent.news/2026/09/29/singapores-mas-to-allocate-us-1-1bil-to-asset-managers-to-boost",
        "published": "2026-09-29T05:12:45.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}