Information and Liquidity Effect of Government Approved Stock Investments

• Main Authors: Lim, Kian Guan, Yeo, W.Y, Wong, K A, Wong, S.C.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 1999
• Subjects: Business
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/2269; https://doi.org/10.1016/s0927-538x(99)00017-7
• Institution: Singapore Management University

On April 1, 1986, the Singapore government announced that resident investors or Central Provident Fund (CPF) members could use their compulsory savings in the CPF to invest in approved equity stocks, unit trusts, and gold. This policy was implemented on May 1, 1986. However, the list of 70 approved...