Home News Sustainability

MAS entrusts asset managers with US$1.8 bil to build sustainability hubs in Singapore

Jovi Ho
Jovi Ho6/11/2021 07:00 AM GMT+08  • 5 min read
MAS entrusts asset managers with US$1.8 bil to build sustainability hubs in Singapore
"If we believe that green assets are going to outperform non-green assets, then there is a lot of return here that can be made."
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The Monetary Authority of Singapore (MAS) will allocate US$1.8 billion ($2.4 billion) to five asset managers to help establish their Asia Pacific sustainability hubs in Singapore. And as Singapore’s central bank continues to nudge the financial services industry on the sustainability journey, MAS is hinting that additional money will be allocated down the road.

The five asset managers, who have yet been named, will launch new thematic funds focused on environmental, social and corporate governance (ESG) metrics. These funds will manage new equity and fixed income mandates focused on climate change and the environment.

The appointed managers will also invest in upskilling, building capacity plans on sustainability and furthering ESG research and green FinTech efforts, says Ravi Menon, managing director of MAS.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.