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Singapore appoints 5 asset managers for S$1.45B equity push
The Monetary Authority of Singapore said it is also adding S$20 million for market-making support for about 80 small and mid-cap companies through 2028.
Singapore’s central bank has selected five international asset managers to run locally focused equity strategies worth S$1.45 billion, as it steps up efforts to revive the city-state’s stock market amid intensifying competition with Hong Kong, according to the SCMP Economy.
Amundi, Franklin Templeton, HSBC Asset Management, M&G Investments, and Natixis Investment Managers were named as the third batch of mandates under the Monetary Authority of Singapore’s Equity Market Development Programme.
The programme, launched with S$5 billion in February 2025 and later increased to S$6.5 billion this February, is designed to draw in private capital alongside public funds to improve liquidity and broaden trading activity beyond Singapore’s largest blue-chip stocks.
Alongside the manager appointments, MAS said it will commit an additional S$20 million to a grant scheme aimed at supporting market-making activities for roughly 80 small and mid-cap companies through the end of 2028.