MAS’ S$5 billion injection is strategic, sustainable solution to perk up equities market, say fund managers
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Equity Market Development Programme is designed as a durable one, and will adapt as market conditions evolve, they add
[SINGAPORE] The Monetary Authority of Singapore’s (MAS) S$5-billion Equity Market Development Programme (EQDP) is not just a short-term stimulus, but also a long-term initiative aimed at tackling the structural issues in the equities market, fund managers have said.
Speaking at a panel discussion on market reforms and returns at the SAC Capital Connect event on Tuesday (Sep 23), the panellists said the programme – launched to beef up the local asset management and research ecosystem and investor interest in Singapore’s equities market – has been designed with durability in mind, and will adapt as market conditions evolve.
Vincent Toe, managing director at ICH Asset Management, said it is a right and progressive move. “If we see how the measures were being announced, the approach has been in doses by doses.”
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