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To boost Singapore’s struggling equities market, MAS launched the $5 billion Equity Market Development Programme (EQDP) and will initially allocate $1.1 billion to three fund managers (Avanda, Fullerton, and JP Morgan) focusing on small- and mid-cap stocks. Another $50 million will enhance the GEMS grant scheme to support equity research, offering up to $6,000 per report. This encourages wider analyst coverage, but investors must be cautious — these are still paid reports. While GEMS promotes market vibrancy, some firms may exist just to tap the funding. Always DYODD (Do Your Own Due Diligence).
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