US investment firm J.P. Morgan Asset Management has launched a fund under Singapore’s S$5 billion (US$3.88 billion) equity market development programme or EQDP.
The JPMorgan Singapore and Asia Equity Income Fund allocates 50% to Singapore stocks and 50% to Asia ex-Japan equities.
“The fund is designed to harness the full advantage of these equity markets,” J.P. Morgan Asset Management says in a statement on January 16.
The firm was among the first batch of three asset managers appointed by the Monetary Authority of Singapore (MAS) last July to manage S$1.1 billion under the EQDP. A second batch of six asset managers was appointed in November to manage S$2.85 billion.
The EQDP is aimed at channelling funds to asset managers with strong track records for investing in Singapore’s stock market. It was proposed by the MAS equities market review group that was set up in 2024 to recommend measures to make the local stock market more attractive for investors.
The JPMorgan Singapore and Asia Equity Income Fund is managed by Singapore-based equity portfolio managers Pauline Ng and Changqi Ong.
According to Ng, Singapore’s equity market is home to “high-yielding stocks across market caps and sectors and we are excited to bring a differentiated solution that leverages these opportunities”.
“Our approach combines dividends from Singapore and Asian stocks with options premiums and capital appreciation, providing investors with a multi-pronged strategy for total returns,” she says.
J.P. Morgan Asset Management managed $1.2 trillion of assets as of end-November 2025.
