The Monetary Authority of Singapore (MAS) will be placing US$2 billion ($2.69 billion) of its funds with asset managers who are committed to deepening green finance activities out of Singapore, announced Ravi Menon, MAS’s managing director, who delivered a keynote address at the IMAS-Bloomberg Investment Conference on March 9.

The programme was announced just over a year ago, according to Menon, though MAS has just identified a “select group” of asset managers with a “strong green focus”.

The asset managers have a “good track record of sustainability investing, robust stewardship policies and a strong understanding of how to deliver a portfolio that has a deep environmental footprint while still delivering good returns,” says Menon.

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