MAS appoints five EQDP Phase 3 managers, allocates S$1.45 billion
Singapore is advancing the next phase of its Equity Market Development Programme after questions over the timing of manager appointments. The latest batch covers five asset managers and keeps award terms tied to a common framework linked to the programme’s market development goals.
Highlights
- Monetary Authority of Singapore appointed five asset managers in Phase 3 of the Equity Market Development Programme, allocating S$1.45 billion on 29 September 2026.
- MAS confirmed Phase 3 appointments and capital allocation were completed as scheduled, addressing parliamentary queries about potential delays from the initial mid-2026 timeline.
- MAS emphasizes a consistent award framework with performance indicators to align all EQDP managers with programme objectives, aiming to strengthen Singapore’s equities market and asset management ecosystem.
Phase 3 appointments and award framework
As reported by Monetary Authority of Singapore, MAS has appointed the third batch of five asset managers under the Equity Market Development Programme and will place S$1.45 billion with them. The regulator said Minister Chee Hong Tat announced the appointments on 29 September 2026.The written parliamentary reply addresses a question on whether the latest awards had been delayed from an expected mid-2026 timeline. In its response, MAS says the appointments have been made and confirms the capital allocation for the new batch.
MAS also says the terms of the award and performance indicators for each manager are guided by a consistent framework. That framework takes into account how each manager aligns with the EQDP's objectives.
Implications for Singapore's equities market
The central aim of the framework is to strengthen Singapore's local asset management and research ecosystem. MAS says it is also designed to crowd in investor interest in the city-state's equities market.The reply indicates that while individual managers are assessed against programme objectives, the overall award structure remains consistent across EQDP managers. That approach signals a standardised policy design as Singapore uses the programme to support capital market development.
In our earlier coverage of Malaysia’s fourth-quarter equity outlook around Budget 2027, we noted expectations for continued market volatility and a focus on selective themes rather than a broad re-rating. The analysis highlighted a “barbell” approach favouring sectors with clearer policy linkage and structural growth drivers—such as construction, technology, and energy infrastructure—alongside more resilient names, with data centre build-outs seen as a potential demand tailwind.
Latest Singapore News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
