To this end, DBS has shortlisted eight listed companies with a market cap of at least $300 million that will likely benefit from "renewed investor attention" under the programme.
DBS Group Research, citing "market chatter", says that the Monetary Authority of Singapore is "close to shortlisting" investment managers to allocate the $5 billion fund that is put forward as part of the comprehensive moves to revive the local market.
The so-called Equity Market Development Programme was first unveiled in February, and is meant to channel new capital into local listed counters outside of the Straits Times Index.
