Singapore MAS appoints 5 managers for S$1.45bn equity development

MAS Appoints Five Asset Managers

Singapore's central bank, the Monetary Authority of Singapore (MAS), announced on 29 September 2026 that it has selected five international asset managers. Amundi, Franklin Templeton, HSBC Asset Management, M&G Investments, and Natixis Investment Managers will oversee S$1.45 billion (US$1.3 billion) in locally focused equity strategies.

This initiative forms part of MAS's ongoing effort to revitalise the city-state's stock market through its Equity Market Development Programme.

Programme Expands to S$6.5 Billion

The Equity Market Development Programme was initially launched in February 2025 with S$5 billion in funding. This February (February 2026), MAS enlarged the programme's total commitment to S$6.5 billion.

The primary goals are to attract private capital alongside public funds to boost market liquidity and to broaden trading activity beyond Singapore's largest blue-chip stocks, according to authorities.

S$20 Million Grant for Smaller Firms

In addition to the asset manager appointments, MAS has committed an extra S$20 million to a grant scheme. This scheme is designed to support market-making activities for approximately 80 small and mid-cap companies. The funding for this grant is slated to continue through the end of 2028, aiming to enhance the visibility and tradability of these smaller firms.

Deepening Singapore's Capital Markets

This strategic allocation by MAS represents a direct effort to deepen Singapore's capital markets. For investors, the increased liquidity and broader trading opportunities in small and mid-cap stocks could offer new avenues for portfolio diversification and growth.

Companies in these segments may also find it easier to raise capital, potentially supporting innovation and expansion within Singapore's economy. The programme's effectiveness will be measured by its ability to attract sustained private capital flows into these specific market segments.