Singapore's MAS to allocate $1.1 billion to asset managers to boost equity market

By Reuters News

- Singapore will allocate S$1.45 billion ($1.1 billion) to five asset managers to boost its equities market, Monetary Authority of Singapore Deputy Chairman Chee Hong Tat said on Tuesday.

It is the third batch of funding to asset managers under Singapore's S$6.5 billion Equity Market Development Programme.

($1 = 1.2779 Singapore dollars)

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