On May 23, the MAS shared that it aims to shortlist suitable fund managers by the third quarter of 2025, after a few financial institutions alluded to progress made in distributing the $5 billion.
CGS International analyst Lock Mun Yee believes several factors, such as the anticipated enhancement of market liquidity through the $5 billion equity market development programme (EMDP) by the Monetary Authority of Singapore (MAS) and sustained earnings, can provide tailwinds going into the rest of 2025.
