Wealthy investors turn selective on MAS-backed Singapore equity drive

Gardens by the Bay, Singapore

Wealthy investors are showing measured but growing interest in Singapore’s Equity Market Development Programme (EQDP), the S$6.5 billion (US$5.1 billion) initiative by the Monetary Authority of Singapore (MAS) aimed at revitalising the domestic stock market. Though still in its early stages, mandated asset managers have begun deploying capital, offering early signals of investor reception. Temasek-backed Fullerton Fund Management, which launched…

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