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Singapore beefs up rivalry with Hong Kong by picking 5 firms to boost equity market

Singapore beefs up rivalry with Hong Kong by picking 5 firms to boost equity market
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Singapore’s central bank has selected five international asset managers to handle S$1.45 billion (US$1.3 billion) in locally focused equity strategies, making its latest effort to revive the city state’s stock market amid sharpening rivalry with regional financial hub Hong Kong. Amundi, Franklin Templeton, HSBC Asset Management, M&G Investments and Natixis Investment Managers were named on Tuesday as part of the third batch of mandates awarded under the Monetary Authority of Singapore’s...

Singapore’s central bank has selected five international asset managers to handle S$1.45 billion (US$1.3 billion) in locally focused equity strategies, making its latest effort to revive the city state’s stock market amid sharpening rivalry with regional financial hub Hong Kong. Amundi, Franklin Templeton, HSBC Asset Management, M&G Investments and Natixis Investment Managers were named on Tuesday as part of the third batch of mandates awarded under the Monetary Authority of Singapore’s (MAS)... [Image text:] MAS Monetary Authory fsingapor
Singapore (LOCATION) Hong Kong (LOCATION) Amundi (PERSON) Franklin Templeton (PERSON) HSBC Asset Management (ORG) M&G Investments and Natixis Investment Managers (ORG) the Monetary Authority of Singapore’s (ORG) MAS (ORG)
Originally published by South China Morning Post Read original →