20 Nov 2025

Eastspring Investments Selected by Monetary Authority of Singapore (MAS) for Equity Market Development Programme (EQDP)

Eastspring will manage a Singapore equity strategy focused on income and growth

SINGAPORE (20 November 2025) – Eastspring Investments (“Eastspring”), the USD286 billion1 asset management business of Prudential plc, today confirmed that it will be managing a Singapore equity strategy under the Monetary Authority of Singapore’s (MAS) Equity Market Development Programme (EQDP).

The EQDP is an initiative by the MAS aimed at fostering the growth of Singapore’s equity ecosystem. The EQDP seeks to deepen market liquidity, broaden investment options, and drive sustainable market development.

“As the largest Singapore-headquartered asset manager, it is with great pride that we have received the EQDP mandate,” said Rajeev Mittal, Chief Executive Officer, Eastspring Investments. “Eastspring has been operating in Asia for over 30 years, and we have an established and strong track record of managing Singapore equities. Our team stands ready and committed to supporting the objectives of EQDP.”

“The EQDP comes at a time where there is increasing investor interest in Singapore equities. We are honoured to be part of the national effort to build out the local ecosystem, which is dynamic and has a lot more potential,” commented Salman Haider, Chief Distribution Officer, Head of ASEAN, Eastspring Investments and Chief Executive Officer of Eastspring Singapore. “Our experienced team is well-placed to identify and harness both familiar and untapped opportunities for investors. We also have an enviable distribution and production footprint in the region that we will leverage on.”

The new strategy will be managed by Eastspring’s Singapore-based investment team and will focus on income and growth opportunities by investing in Singapore equities, including small and mid-cap stocks. The team plans to broaden small and mid-cap stocks research coverage and further raise awareness of such companies in Singapore.

More information on the strategy and availability will be available in due course.

1 As of 30 September 2025

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