MAS appoints Fullerton to manage Singapore equities mandate

The initiative aims to enhance the country’s asset management and research ecosystem.

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

The initiative aims to enhance the country’s asset management and research ecosystem whilst promoting broader investor interest in Singapore-listed equities.

As part of the mandate, Fullerton will launch a dedicated Singapore equities unit trust targeting both domestic and international investors.

The selection process placed emphasis on managers with a strong track record, a focus on Singapore equities, and the ability to support the programme’s goal of expanding participation beyond large-cap stocks.