The Monetary Authority of Singapore has selected Fullerton Fund Management to manage a Singapore equities mandate under its Equity Market Development Programme ( EQDP ).

The EQDP aims to strengthen Singapore’s asset management and research ecosystem as well as increase investor interest in the domestic equities market. Fullerton will be launching a dedicated Singapore equities unit trust to crowd-in investor assets from various investor segments locally and abroad. 

To qualify for the programme, asset managers must have a strong focus on Singapore-listed equities and could help broaden investor participation beyond large-cap stocks. They must also have a strong track record and proven investment capabilities, as well as a commitment to meeting the objectives of the programme.

“We are confident and look forward to playing a key role in building a more vibrant investment ecosystem – linking the buyside and sellside communities, supporting corporates, deepening liquidity, and fostering broader investor interest in Singapore public equities, especially in the mid-cap space,” says Fullerton chief executive officer Jenny Sofian.

Mark Yuen, Fullerton’s chief business development officer, adds: “With the market volatility we are facing today, affected by the dollar weakness and global interest rate movements, we see demand for Singapore and SGD-denominated assets from across the different investor segments here in Singapore and abroad. We will be bringing a solution to the market in line with the goals of the EQDP.”