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The Monetary Authority of Singapore (MAS) has expanded its Equity Market Development Programme from S$5 billion to S$6.5 billion under Budget 2026.
The increase follows an announcement by Prime Minister and Minister for Finance Lawrence Wong that the Financial Sector Development Fund will be topped up to support the programme’s expansion.
Launched in February 2025, the programme was introduced based on recommendations from the Equities Market Review Group to strengthen Singapore’s local fund management industry and increase investor participation in Singapore equities.
MAS has allocated S$3.95 billion across nine appointed asset managers to date and said the initiative continues to see strong interest and a robust pipeline of applications.
With the higher funding cap, MAS will be able to support more high-quality asset managers whose strategies invest significantly in Singapore equities.
The regulator said the expansion is expected to catalyse additional third-party investments and anchor deeper pools of capital for listed companies with strong fundamentals, supporting a well-functioning equities market.
The next batch of asset managers under the programme is expected to be appointed around mid-2026.
Featured image: Edited by Fintech News Singapore, based on image by MAS via LinkedIn
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