MAS expands equity market programme to $6.5b to attract top asset managers

$3.95b have so far been deployed across nine managers under the programme.

The Monetary Authority of Singapore (MAS) today announced it will expand its Equity Market Development Programme (EQDP) to $6.5b from $5b, according to a press release.

MAS said the enlarged programme will allow it to fund more high-quality asset managers deploying strategies that invest significantly in Singapore equities, to catalyse third-party investments, anchor deeper pools of capital, and support a well-functioning and vibrant Singapore equities market.

The expansion follows the Prime Minister and Minister for Finance’s Budget 2026 announcement to top up the Financial Sector Development Fund to support the programme’s growth.

Since the EQDP was introduced in February 2025, $3.95b has been allocated across nine appointed asset managers, with a strong pipeline of applications under review.

The EQDP was established in response to recommendations by the Equities Market Review Group to develop Singapore’s local fund management industry and increase investor participation in Singapore-listed equities.

The next batch of EQDP managers is expected to be appointed around mid-2026.

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