MAS's latest EQDP fund allocation may provide catalyst for SMIDs to catch up: JP Morgan

Felicia Tan09-30

"Assuming a 30% allocation to SMIDs, we estimate a possible inflow of [around] $435 million, equivalent to two times of the ADTV of the iEdge Next50 index", note JP Morgan's Khoi Vu and Rajiv Batra.JP...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2672780161?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-09-30 09:40","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2672780161","market":"other","top_or_hot":-1,"title":"MAS's latest EQDP fund allocation may provide catalyst for SMIDs to catch up: JP Morgan","media":"Felicia Tan","content":"<div>\n<p>\"Assuming a 30% allocation to SMIDs, we estimate a possible inflow of [around] $435 million, equivalent to two times of the ADTV of the iEdge Next50 index\", note JP Morgan's Khoi Vu and Rajiv Batra.JP...</p>\n\n<a href=\"https://www.theedgesingapore.com/capital/brokers-calls/mass-latest-eqdp-fund-allocation-may-provide-catalyst-smids-catch-jp-morgan?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MAS's latest EQDP fund allocation may provide catalyst for SMIDs to catch up: JP Morgan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMAS's latest EQDP fund allocation may provide catalyst for SMIDs to catch up: JP Morgan\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-09-30 09:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/capital/brokers-calls/mass-latest-eqdp-fund-allocation-may-provide-catalyst-smids-catch-jp-morgan?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Felicia Tan</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>\"Assuming a 30% allocation to SMIDs, we estimate a possible inflow of [around] $435 million, equivalent to two times of the ADTV of the iEdge Next50 index\", note JP Morgan's Khoi Vu and Rajiv Batra.JP...</p>\n\n<a href=\"https://www.theedgesingapore.com/capital/brokers-calls/mass-latest-eqdp-fund-allocation-may-provide-catalyst-smids-catch-jp-morgan?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STI","symbol_name":"Solidion Technology Inc.","start_time":0,"source_url":"https://www.theedgesingapore.com/capital/brokers-calls/mass-latest-eqdp-fund-allocation-may-provide-catalyst-smids-catch-jp-morgan?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2672780161","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/capital/brokers-calls/mass-latest-eqdp-fund-allocation-may-provide-catalyst-smids-catch-jp-morgan?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2672780161","pubTimestamp":1790732449,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"\"Assuming a 30% allocation to SMIDs, we estimate a possible inflow of [around] $435 million, equivalent to two times of the ADTV of the iEdge Next50 index\", note JP Morgan's Khoi Vu and Rajiv Batra.","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"STI":"Solidion Technology Inc.","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU2111349929.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (HKD) INC","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","SG9999001440.SGD":"United Global Dividend Equity Fund A SGD Dist","LU1732800096.USD":"摩根大通环球收益基金A (irc)","LU1620156130.USD":"BNP PARIBAS AQUA \"C\" (USD) ACC","G3B.SI":"Nikko AM STI ETF","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","KBWB":"银行ETF-PowerShares","BK4581":"高盛持仓","LU1732799900.SGD":"JPMorgan Investment Funds - Global Income A (irc) SGD-H","GAB.SI":"Amova STI ETF S$A","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","LU0528227936.USD":"富达环球人口趋势基金A-ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU1791710582.SGD":"Fidelity Global Demographics A-ACC-SGD (SGD/USD hedged)","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","ES3.SI":"STI ETF","LU1791710400.SGD":"Fidelity Global Demographics A-ACC-SGD","IAI":"iShares Dow Jones U.S. Broker De","LU1165135440.EUR":"BNP Paribas Aqua Classic Cap EUR","BK4516":"特朗普概念","MINT":"PIMCO Enhanced Short Maturity Exchange-Traded Fund","LU2347655156.SGD":"JPMorgan Investment Funds - Global Income A (icdiv) SGD-H","LU0795875086.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU1721427968.SGD":"BNP PARIBAS AQUA \"CRH\" (SGDHDG) INC","LU2413666004.HKD":"BNP PARIBAS AQUA \"CRH\" (HKDHDG) INC","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","LU1596574779.USD":"BNP PARIBAS AQUA \"C\" (USDHDG) ACC","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","BK4588":"碎股","MAS":"马斯科","STI.SI":"富时新加坡海峡指数"},"translate_title":"摩根大通：麻省理工学院最新的 EQDP 基金分配可能为中小企业追赶提供催化剂","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STI.SI":0.61,"KBWB":0.6,"GAB.SI":0.6,"MAS":1,"G3B.SI":0.6,"IAI":0.6,"MINT":1,"ES3.SI":0.6,"STI":1},"content_text":"\"Assuming a 30% allocation to SMIDs, we estimate a possible inflow of [around] $435 million, equivalent to two times of the ADTV of the iEdge Next50 index\", note JP Morgan's Khoi Vu and Rajiv Batra.JP Morgan's Khoi Vu and Rajiv Batra are remaining positive on Singapore equities with an \"overweight\" call within Asean markets after the Monetary Authority of Singapore (MAS) revealed the \"long-awaited\" appointment of the third tranche of Equity Market Development Programme (EQDP) asset managers.\nNational Development Minister Chee Hong Tat announced, at the SuperReturn Asia Conference on Sept 29, that MAS will place a total of $1.45 billion with five appointed managers. They are: Amundi, Franklin Templeton, HSBC Asset Management, M&G Investments and Natixis Investment Managers.\n\"We believe this continuity affirms the government's commitment to improving equities market activities and boosting investors' confidence,\" say the analysts, who note that fund managers take about an average of four to six months to launch the EQDP seed money after the announcement.\nMAS also announced that it is still reviewing the proposals from a fourth batch of asset managers, to be announced in 2027. The central bank also said it will commit $20 million from the Financial Sector Development Fund (FSDF) to the Grant for Equity Market Singapore (Gems) scheme to support market-making activities. The commitment will focus on an initial group of about 80 eligible small and mid-cap stocks (SMIDs), as well as newly-listed stocks, to boost trading liquidity.\nTo Vu and Batra, the measures may provide a catalyst for SMIDs to catch up. \"We expect the allocation of funds to favour SMIDs, in line with the market development strategy,\" they write. \"Assuming a 30% allocation to SMIDs, we estimate a possible inflow of [around] $435 million, equivalent to two times of the ADTV (average daily trading value) of the iEdge Next50 index. Not ethat the iEdge Next50 index has underperformed the benchmark Straits Times Index (STI) by 25% year-to-date and now trades at 16 times 12-month foward P/E, similar to the STI's.\"\nThey add that SMIDs, with resilient earnings, healthy balance sheets and low exposure to interest rates will \"attract flows\" from investors looking to deploy into the space.\nOverall, they believe strong policy buffers remain the \"key differentiator\" for Singapore equities during a period of elevated cost of capital and heightened risk to growth.\nThe analysts have maintained their 12-month base, bull and bear-case STI targets of 6,500 points, 7,000 points and 5,000 points respectively.\nTheir top picks include names like DBS Group Holdings, Singapore Telecommunications (Singtel), Singapore Exchange (SGX), Keppel, CapitaLand Investment, Yangzijiang Shipbuilding and Venture Corp. Their least-preferred picks are: Mapletree Industrial Trust (MINT) and Seatrium.\nJP Morgan has a \"neutral\" call on DBS and \"overweight\" ratings for the rest of their top picks. They have \"underweight\" ratings for MINT and Seatrium.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.50.1","shortVersion":"4.50.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2672780161","isCrawlerRequest":true}