Fullerton launches first retail fund under MAS' $5b stock market programme

The Singapore Value-Up fund will invest exclusively in locally listed securities

- Benjamin Lim Correspondent

Fullerton Fund Management has launched the first retail fund under a Monetary Authority of Singapore (MAS) programme to boost liquidity and investor interest in Singapore stocks.

The launch comes three months after Fullerton was selected by MAS in July as one of three fund managers to receive $1.1 billion under the regulator's $5 billion Equity Market Development Programme (EQDP) for investing in Singapore stocks.

The new fund, called Fullerton Singapore Value-Up, will invest exclusively in Singapore-listed securities, covering small-, midand large-cap stocks, including initial public offerings (IPOs) and secondary listings, with a portfolio of 20 to 40 companies.

It will be offered as a collective investment scheme to retail, accredited and institutional investors in Singapore and other markets, and aim to outperform the FTSE Straits Times All-Share Total Return Index through active management.

Fullerton did not reveal the full list of stocks in the fund's portfolio, citing confidentiality and competitive reasons, but said they will cover a diverse range of sectors.

The fund will also invest in dividend paying stocks, where both accumulation shares, which reinvest income, and distribution shares, which pay it out as cash, will be available to investors.

It added that the fund will provide monthly updates through its fact sheets, which will include information on top holdings, sector allocations and other portfolio indicators.

In addition to companies in industrials, manufacturing, communications and financials, Fullerton head of investment strategy Robert St Clair said investors will be able to gain access to the real estate and consumer sectors.

He noted that these two sectors have outperformed in 2025 compared with last year, supported by falling interest rates, controlled inflation, strong consumer incomes, gross domestic product growth, and rising loan demand and domestic spending.