EQUITY MARKET DEVELOPMENT PROGRAMME

POWERED BY THE MONETARY AUTHORITY OF SINGAPORE (MAS)

Powering the Next Chapter of Singapore’s Growth


The Monetary Authority of Singapore (MAS) has introduced a S$5 billion equity market development programme (EQDP) to accelerate the growth of selected funds and quality stocks within Singapore’s capital markets. This forward-looking initiative reinforces Singapore’s position as a leading financial hub while fostering long-term value creation for investors.

Discover investment opportunities aligned with national growth priorities and supported by strong market fundamentals. Learn how selected funds and stocks are positioned to benefit from this initiative and uncover potential pathways for portfolio growth.

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FAQ

The Equity Market Development Programme (EQDP) is a S$5 billion market initiative introduced by the Monetary Authority of Singapore (MAS) to encourage greater participation by professional fund managers in Singapore-listed equities. Capital is deployed through selected investment strategies with meaningful exposure to Singapore equities, contributing to broader market activity and depth.

POEMS by PhillipCapital provides investors with access to a wide range of stocks and unit trusts that operate within the broader market environment shaped by initiatives such as EQDP as well as research and educational contents. Through POEMS, investors can explore investment opportunities that participate in Singapore’s equity market ecosystem.

On POEMS, investors can access Singapore-listed stocks, unit trusts, managed accounts, and actively managed personalised portfolio. Some of these investments may be managed by asset managers whose strategies are aligned with the objectives of EQDP or operate within the EQDP market framework.

EQDP capital is typically deployed through professional fund managers rather than invested directly into individual stocks. These managers invest based on their own mandates, research, and investment strategies across a range of Singapore-listed companies.

Unit trusts and equity funds are key channels through which EQDP capital is deployed. These actively managed strategies have substantial exposure to Singapore equities, allowing investors to gain indirect exposure to the broader market developments associated with EQDP through selected funds available on POEMS.

Suitability depends on individual financial goals, risk tolerance, and investment horizon. Stocks and equity funds are subject to market fluctuations. Investors should review product information carefully and consider whether an investment aligns with their personal objectives.

No. Investments available on POEMS are not endorsed, guaranteed, or supported by MAS. While certain funds or stocks may operate within the broader EQDP market environment, investment outcomes depend on market conditions and fund management decisions.

POEMS provides access to research tools, product information, and market insights to help investors explore available investment options. Investors may also consult their investment specialists or financial advisors for guidance.

EQDP represents a long-term market development effort that supports institutional participation and active management within Singapore equities. For investors, this creates an environment where selected stocks and funds may benefit from sustained professional market engagement.

You can download POEMS Mobile 3 to explore available stocks, unit trusts, and more. Detailed product information, prospectuses, and research materials are available on the platform to support informed investment decisions. 
You can also open a POEMS Account with connect with our Equity Specialists and Investment Specialists for personalised guidance.

Compliance Clarification: EQDP is a market initiative introduced by the Monetary Authority of Singapore (MAS). Investments available on POEMS by PhillipCapital are not endorsed, guaranteed, or supported by MAS and are subject to market risks.

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IMPORTANT INFORMATION

This material is provided by Phillip Capital Management (S) Ltd (“PCM”) for general information only and does not constitute a recommendation, an offer to sell, or a solicitation of any offer to invest in any of the exchange-traded fund (“ETF”) or the unit trust (“Products”) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. You should read the Prospectus and the accompanying Product Highlights Sheet (“PHS”) for key features, key risks and other important information of the Products and obtain advice from a financial adviser (“FA“) pursuant to a separate engagement before making a commitment to invest in the Products. In the event that you choose not to obtain advice from a FA, you should assess whether the Products are suitable for you before proceeding to invest. A copy of the Prospectus and PHS are available from PCM, any of its Participating Dealers (“PDs“) for the ETF, or any of its authorised distributors for the unit trust managed by PCM.  

An ETF is not like a typical unit trust as the units of the ETF (the “Units“) are to be listed and traded like any share on the Singapore Exchange Securities Trading Limited (“SGX-ST”). Listing on the SGX-ST does not guarantee a liquid market for the Units which may be traded at prices above or below its NAV or may be suspended or delisted. Investors may buy or sell the Units on SGX-ST when it is listed. Investors cannot create or redeem Units directly with PCM and have no rights to request PCM to redeem or purchase their Units. Creation and redemption of Units are through PDs if investors are clients of the PDs, who have no obligation to agree to create or redeem Units on behalf of any investor and may impose terms and conditions in connection with such creation or redemption orders. Please refer to the Prospectus of the ETF for more details.  

Investments are subject to investment risks including the possible loss of the principal amount invested. The purchase of a unit in a fund is not the same as placing your money on deposit with a bank or deposit-taking company. There is no guarantee as to the amount of capital invested or return received. The value of the units and the income accruing to the units may fall or rise. Past performance is not necessarily indicative of the future or likely performance of the Products. There can be no assurance that investment objectives will be achieved.  

Where applicable, fund(s) may invest in financial derivatives and/or participate in securities lending and repurchase transactions for the purpose of hedging and/or efficient portfolio management, subject to the relevant regulatory requirements. PCM reserves the discretion to determine if currency exposure should be hedged actively, passively or not at all, in the best interest of the Products.  

The regular dividend distributions, out of either income and/or capital, are not guaranteed and subject to PCM’s discretion. Past payout yields and payments do not represent future payout yields and payments. Such dividend distributions will reduce the available capital for reinvestment and may result in an immediate decrease in the net asset value (“NAV”) of the Products. Please refer to <www.phillipfunds.com> for more information in relation to the dividend distributions.  

The information provided herein may be obtained or compiled from public and/or third party sources that PCM has no reason to believe are unreliable. Any opinion or view herein is an expression of belief of the individual author or the indicated source (as applicable) only. PCM makes no representation or warranty that such information is accurate, complete, verified or should be relied upon as such. The information does not constitute, and should not be used as a substitute for tax, legal or investment advice.  

The information herein are not for any person in any jurisdiction or country where such distribution or availability for use would contravene any applicable law or regulation or would subject PCM to any registration or licensing requirement in such jurisdiction or country. The Products is not offered to U.S. Persons. PhillipCapital Group of Companies, including PCM, their affiliates and/or their officers, directors and/or employees may own or have positions in the Products. Any member of the PhillipCapital Group of Companies may have acted upon or used the information, analyses and opinions herein before they have been published. 

This advertisement has not been reviewed by the Monetary Authority of Singapore.  

 

Phillip Capital Management (S) Ltd (Co. Reg. No. 199905233W)  
250 North Bridge Road #06-00, Raffles City Tower ,Singapore 179101 
Tel: (65) 6230 8133 Fax: (65) 65383066 www.phillipfunds.com