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MAS’ S$5 billion injection is strategic, sustainable solution to perk up equities market, say fund managers

MAS’ S$5 billion injection is strategic, sustainable solution to perk up equities market, say fund managers

By Kim Browne

Culture

Equity Market Development Programme is designed as a durable one, and will adapt as market conditions evolve, they add

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.”

Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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