S$6.5 Billion Equity Market Development Programmer (EQDP) Expanded by MAS and FSDF
Expanded Initiative Targets Growth of Singapore-Listed Equities
On 12 February 2026, the Monetary Authority of Singapore (MAS) announced an expansion of the Equity Market Development Programme (EQDP), increasing its total fund allocation from S$5 billion to S$6.5 billion.
Originally launched in February 2025 based on recommendations from the Equities Market Review Group, the EQDP aims to deepen liquidity, develop the local fund management industry, and broaden investor participation in Singapore’s equity market.
Current Progress:
- Allocations to Date: MAS has already allocated S$3.95 billion across nine appointed asset managers.
- Next Phase: Due to a robust pipeline of applications, the next batch of EQDP managers is expected to be appointed around mid-2026.
