MAS taps Manulife for $5b equity dev’t programme
The programme aims to boost investors and liquidity in the city-state’s market.
Manulife Investment Management has been appointed by the Monetary Authority of Singapore (MAS) as one of the asset managers under the Equity Market Development Programme (EQDP), a $5b initiative by MAS to boost investors and liquidity in the city-state’s equities market.
The EQDP focuses on actively managed strategies investing in Singapore-listed equities, and small and mid-cap companies to broaden market depth and research coverage, Manulife said.
As part of the programme, the investment management firm will launch a Singapore All-Cap Equity strategy that will offer stock selection as the primary source of long-term value.
The portfolio will allocate around 40% to small and mid-cap companies, whilst maintaining exposure to large caps to ensure liquidity, scalability, and diversified alpha opportunities, Manulife said.
Manulife has over 120 years of investment management experience in Asia and has managed Singapore equities since 2007, it added.