Singapore to Allocate $856 Million in First Phase of Stock Plan
The other asset managers named for the initial phase of Singapore's S$5 billion Equity Market Development Programme — which was first announced in February — will be Avanda Investment Management and Fullerton Fund Management, according to a statement issued Monday by the Monetary Authority of Singapore, the city-state's central bank. It received more than 100 applications for the program, it said.
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