Singapore Begins Allocating $3.9 Billion to Boost Stocks

Stock prices on a ticker at the Singapore Exchange Ltd. stock exchange headquarters in Singapore.Photographer: Ore Huiying/Bloomberg

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By Bernadette Toh and David Ramli

January 23, 2026 at 12:21 AM UTC

Updated on

January 23, 2026 at 4:28 AM UTC

Singapore has started handing out part of the S$5 billion ($3.9 billion) it plans to invest in local stocks to selected fund managers, in a bid to cement an equity market revival.

JPMorgan Asset Management, Temasek Holdings Pte-backed Avanda Investment Management Pte and Fullerton Fund Management Co. are among the first to use government cash to anchor new funds backing listed Singaporean companies. The three were awarded a combined S$1.1 billion from the Monetary Authority of Singapore as part of the first tranche of its Equity Market Development Programme.