{
  "id": 12311617,
  "title": "MAS’ third EQDP shot of S$1.45 billion a catalyst for small and mid-caps to catch up: JPMorgan",
  "url": "https://urgent.news/2026/10/06/mas-third-eqdp-shot-of-s-1-45-billion-a-catalyst-for-small-and-mid",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-06T05:36:50.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/mas-third-eqdp-shot-s1-45-billion-catalyst-small-and-mid-caps-catch-jpmorgan"
  },
  "original_language": "en",
  "account": "JPMorgan has highlighted that the upcoming third tranche of Singapore's equity market development programme (EQDP) could serve as a catalyst for small and mid-cap stocks (SMIDS) to catch up. The programme, which has already injected S$1.45 billion, aims to foster market development in Singapore. While the first two allocations have fueled liquidity, SMIDS have been lagging behind the benchmark index. The report estimates that a 30% allocation to SMIDS from the third tranche could bring in approximately S$435 million, equivalent to twice the average daily turnover volume of the iEdge Next 50 index. The STI has surged over 30% since the start of the EQDP, but SMIDS have underperformed the index by 25% year-to-date. The Monetary Authority of Singapore has allocated S$1.45 billion to the third batch of EQDP asset managers, with a fourth tranche expected by 2027. Analysts suggest that resilient SMIDS with strong earnings, healthy balance sheets, and low interest rate exposure would likely attract investor interest.",
  "summary": "Earlier allocations from the programme have boosted liquidity but mid-caps have trailed the index.",
  "key_points": [
    "JPMorgan predicts third EQDP tranche to boost small and mid-cap stocks",
    "S$435 million expected from 30% allocation to SMIDS in third tranche",
    "SMIDS underperformed STI by 25% year-to-date"
  ],
  "editors_take": "The Monetary Authority of Singapore's third equity market development programme tranche could help small and mid-cap stocks catch up with the benchmark index by bringing in fresh liquidity.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "MAS’ third EQDP shot could inject S$435m into small, mid-caps, lifting underperforming segment: JPM",
        "url": "https://urgent.news/2026/10/06/mas-third-eqdp-shot-could-inject-s-435m-into-small-mid-caps-lifting",
        "published": "2026-10-06T05:36:50.000Z"
      }
    ]
  },
  "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."
}