The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.

Eastspring Investments
Eastspring Investments, the $286 billion asset management business of Prudential plc, has confirmed that it will be managing a Singapore equity strategy under the Monetary Authority of Singapore’s (MAS) Equity Market Development Programme (EQDP).

“Eastspring has been operating in Asia for over 30 years, and we have an established and strong track record of managing Singapore equities. Our team stands ready and committed to supporting the objectives of EQDP,” Rajeev Mittal, chief executive officer at Eastspring Investments, said.

“The EQDP comes at a time where there is increasing investor interest in Singapore equities. We are honoured to be part of the national effort to build out the local ecosystem, which is dynamic and has a lot more potential,” Salman Haider, chief distribution officer, head of ASEAN at Eastspring Investments and chief executive officer of Eastspring Singapore, said.

The new strategy, which will be managed by Eastspring’s Singapore-based investment team, will focus on income and growth opportunities by investing in Singapore equities, including small and mid-cap stocks. The team plans to broaden small and mid-cap stocks research coverage and increase awareness of such companies in Singapore.