Singapore Selects Five Investment Firms to Revitalise Local Stock Exchange
Published 1d ago · Updated 1h ago
Covered in 2 countries
Singapore directs over one billion dollars to external managers in a bid to reinvigorate its domestic exchange.
Singapore's central bank has appointed five international financial institutions to manage S$1.45 billion dedicated to domestic equity strategies. This initiative forms part of an ongoing strategy by the Monetary Authority of Singapore to stimulate trading activity on the local exchange. Furthermore, authorities are currently evaluating proposals for another wave of allocations, with decisions anticipated next year.
- The financial institutions chosen include prominent European and global investment houses.
- The capital injection represents the third tranche of fund allocations directed by the central bank.
- Regulators plan to finalise evaluations for a subsequent group of asset managers in the coming year.
By the numbers
Why it matters
Regional financial centres are actively deploying capital strategies to attract investor interest and increase trading liquidity amid shifting Asian markets.
What outlets agree on
The Monetary Authority of Singapore has awarded mandates to five international firms to manage S$1.45 billion in domestic equity strategies.
In this story
Covered by 2 outlets
100% of the sources are Center
Lean ratings via Media Bias/Fact Check
- South China Morning PostSingapore beefs up rivalry with Hong Kong by picking 5 firms to boost equity market1h ago · open ↗
- CNAMAS appoints 5 asset managers with S$1.45 billion allocation to support Singapore stock market1d ago · open ↗
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