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Homecoming listings will prove MAS measures have succeeded, says fund manager

Kwan Wei Kevin Tan
Kwan Wei Kevin Tan • 7 min read
Homecoming listings will prove MAS measures have succeeded, says fund manager
Lai Yeu Huan, head of Asian equity at Amova Asset Management, aspires for all Singapore domiciled companies with a market cap of $10 billion and below to “come home” and have a primary listing. Photo: Bloomberg
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Crowding in third-party capital, drawing homecoming listings and lifting equity valuations to keep pace with Asean and the Nasdaq. For fund managers under the Monetary Authority of Singapore’s (MAS) Equity Market Development Programme (EQDP), these will be the clearest signs that efforts to revive the local bourse have worked.

On Jan 9, the Securities Association of Singapore (SAS) held its Singapore Equities Forum at SGX Centre 1. The inaugural forum featured speeches by SGX CEO Loh Boon Chye, Minister of State for National Development and Trade and Industry Alvin Tan and SAS chairman Luke Lim.

Among the presentations and fireside chats was a session with fund managers from Lion Global Investors, Amova Asset Management (formerly Nikko Asset Management), Fullerton Fund Management and AR Capital.

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