Politics · Singapore Bureau
MAS names five asset managers with S$1.45bn to bolster equities market
Singapore's central bank has appointed five asset managers to invest a combined S$1.45 billion in the local stock market, as part of efforts to strengthen market depth and liquidity.
LSN Singapore ·
The Monetary Authority of Singapore (MAS) has selected five asset managers to deploy S$1.45 billion into Singapore-listed equities, marking the third tranche of allocations under the initiative to support the domestic securities market.
The appointments reflect MAS's commitment to enhancing market vibrancy and attracting institutional capital to Singapore's equity ecosystem. The five managers will focus on investing across a range of sectors and market capitalizations to broaden investor participation and improve trading volumes.
MAS is currently reviewing proposals for a fourth batch of asset managers and expects to conclude this process by 2027. The phased approach allows the central bank to carefully assess potential managers and ensure their strategies align with broader objectives of strengthening Singapore's position as a financial hub.
These capital injections aim to address concerns about market concentration and liquidity in local equities, while encouraging long-term institutional investment in Singapore-listed companies. The initiative complements other MAS efforts to foster a more robust and competitive capital markets environment in the region.