MAS allocates $2.85b to second batch of EQDP asset managers

Total allocations now amount to $3.95b across nine managers.

The Monetary Authority of Singapore and the Financial Sector Development Fund have allocated $2.85b to a second batch of six asset managers under the $5b Equity Market Development Programme (EQDP).

The managers appointed are Amova Asset Management (formerly Nikko Asset Management), AR Capital, BlackRock, Eastspring Investments (Singapore), Lion Global Investors, and Manulife Investment Management (Singapore).

With the first batch of EQDP appointments in July, total allocations now amount to $3.95b across nine managers. MAS will review remaining submissions, with the next appointments expected in Q2 2026.

The EQDP’s objective is to develop the local fund management industry and increase investor participation in Singapore equities.

The managers’ strategies include participating in initial public offerings and providing additional capital for cornerstone investments in new listings.

The announcement follows the completion of the Equities Market Review Group’s review and the release of its final report. An additional key measure includes a $30m “Value Unlock” Package to help listed companies enhance shareholder engagement and unlock value.

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