The S$5 billion (approximately US$3.7 billion) Equity Market Development Program announced by the Monetary Authority of Singapore (MAS) will invest with selected fund managers who are focused on or have significant allocations to Singapore stocks. Fund managers will be encouraged to invest in a range of Singapore companies, not just those in stock indices. By directing substantial funds into the local stock market, the program aims to enhance trading liquidity and improve price discovery for Singapore-listed equities
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