SINGAPORE, 21 July 2025 – Fullerton Fund Management (“Fullerton”) is pleased to announce its selection by the Monetary Authority of Singapore to manage a Singapore equities mandate under its Equity Market Development Programme (“EQDP”). The EQDP aims to strengthen Singapore’s asset management and research ecosystem as well as increase investor interest in Singapore’s equities market. Fullerton will be launching a dedicated Singapore equities unit trust in Singapore to crowd-in investor assets from various investor segments locally and abroad.
As a home-grown investment specialist with over 20 years of investing experience in financial markets, Fullerton’s expertise and commitment are strongly aligned with the goals of the EQDP. Selection criteria for the programme emphasised asset managers that have a strong focus on Singapore listed equities and could help broaden investor participation beyond large-cap stocks. The EQDP requirement also emphasised having a strong track record and proven investment capabilities, as well as a commitment to meeting the objectives of the EQDP.
Jenny Sofian, Chief Executive Officer, Fullerton Fund Management said: “We are honoured by MAS’ trust in selecting Fullerton for this strategically significant initiative. This appointment is a strong validation of our commitment to Singapore’s capital markets. We are confident and look forward to playing a key role in building a more vibrant investment ecosystem – linking the buy-side and sell-side communities, supporting corporates, deepening liquidity and fostering broader investor interest in Singapore public equities, especially in the mid-cap space. Through this, it is our strategic intent to contribute meaningfully to the EQDP’s goals of strengthening Singapore’s fund management and research ecosystem.”
Mark Yuen, Chief Business Development Officer, Fullerton Fund Management said: “Fullerton shall be launching a dedicated Singapore equities unit trust here in our home base with the aim to increase investor participation in this asset class. With the market volatility we are facing today, affected by the dollar weakness and global interest rate movements, we see demand for Singapore and SGD-denominated assets from across the different investor segments here in Singapore and abroad. We will be bringing a solution to the market in line with the goals of the EQDP.”