MAS names first asset managers for stock market support fund
Singapore places first S$1.1 billion of S$5 billion fund with Avanda, Fullerton and JP Morgan
Singapore’s central bank has appointed three asset managers to oversee S$1.1 billion (US$860 million) from a fund created earlier this year to boost the country’s stock market.
The Monetary Authority of Singapore (MAS) said in a statement today (July 21) that the asset managers – Avanda Investment Management, Fullerton Fund Management and JP Morgan Asset Management – were the first to be appointed under its S$5 billion Equity Market Development Programme.
When it announced the fund in February
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