MAS Expands Equity Program With Top-Up
The Monetary Authority of Singapore has announced the expansion of the local equity program with a top-up unveiled in the nation’s budget statement.
The Monetary Authority of Singapore (MAS) will expand the Equity Market Development Program (EQDP) from S$5 billion ($4 billion) to S$6.5 billion, according to a statement. This follows an announcement by Prime Minister and Minister for Finance Lawrence Wong in his national budget statement to top up the Financial Sector Development Fund to support the program's expansion.
The EQDP was introduced in February 2025 to develop the city-state's fund management industry and increase investor participation in local equities. Thus far, MAS has allocated S$3.95 billion across nine appointed asset managers and the next batch of EQDP managers is expected to be named around mid-2026.
«The expansion of the EQDP will enable more high-quality asset managers with strategies that invest significantly in Singapore equities to be funded, and also catalyze more third-party investments into the equities market,» MAS said. «This will further anchor deeper pools of capital for Singapore-listed companies with strong fundamentals and support a well-functioning and vibrant Singapore equities market.»
