"MAS has received a good response from global and regional asset managers. These managers have submitted proposed strategies for the EQDP.
The Monetary Authority of Singapore has received "a good response" from fund managers eyeing a piece of the $5 billion fund to help revive the local market by investing in smaller local stocks that tend to enjoy lower liquidity than the blue-chip index counters.
The Equity Market Development Programme, or EQDP, was first announced on Feb 21 as part of a broader set of measures to make the Singapore market more vibrant.
