In response to The Edge Singapore, Avanda says its strategy is fully allocated to Singapore-listed companies with a “strong focus” on the small- and mid-cap segment. “Being highly active and benchmark-agnostic allows us the flexibility to invest outside of the Straits Times Index constituents; this would direct more attention and liquidity to off-benchmark stocks.”
Two of the three asset managers chosen by the Monetary Authority of Singapore (MAS) to launch fund strategies under the Equity Market Development Programme (EQDP) are staying tight-lipped on both their asset allocations and how they plan to invest their share of $1.1 billion to be placed by MAS, announced on July 21.
Avanda Investment Management, co-founded in 2015 by former GIC CIO and 2023 Presidential Election candidate Ng Kok Song, was the only firm to readily answer queries about their selected strategy.
