Bursa Malaysia - MOBILIST Programme
FAQs
- What is MOBILIST?
Mobilising Institutional Capital through Listed Product Structures (“MOBILIST”) is a flagship UK government programme that seeks to harness the unparalleled potential of public markets for sustainable development in emerging markets and developing economies (EMDEs). The programme offers equity capital to facilitate the IPO of pioneering products, technical assistance throughout the listing journey, and policy and research support to enhance the environment for issuers, investors, and intermediaries.
- How is MOBILIST funded?
MOBILIST is backed by £156 million in funding from the Foreign, Commonwealth and Development Office (FCDO) and £3 million in technical assistance grants from the Norwegian Agency of Development Assistance (Norad).
- Who are the delivery partners for the MOBILIST Program?
FCDO’s project delivery partners for this programme are: Palladium, Eighteen East Capital, Chemonics UK, and Lion’s Head Global Partners.
- What does MOBILIST do?
The MOBILIST Product Platform (MPP) uses a competitive process to source and select sustainable finance products sponsored by investment managers and financial institutions and provides them with equity capital, technical assistance, and support to pursue a listing on the London Stock Exchange or emerging and frontier market exchanges.
In addition, the MOBILIST Policy Platform produces research to guide emerging market investments and inform policymaking to spur investment. MOBILIST aims to bring policymakers and investors together to understand opportunities and risks, build partnerships and spark systemic change. - What can MOBILIST offer?
MOBILIST can provide significant value added to sustainable finance products that meet key criteria and have a clear route to listing. It will provide selected products with one or more of the following:
- Investment Capital: MOBILIST will invest in the equity of the selected products, i.e. listed funds, listed equities and securitisation vehicles.
- Enhanced visibility: Through FCDO’s global platforms, guidance, and backing, selected products can be part of MOBILIST’s research and communication efforts.
- Technical assistance: Funding for costs related to listing a product, feasibility studies, and product development.
- Technical advisory: MOBILIST’s Technical Panel of experts will provide technical advice on the listing process and market development.
- What does MOBILIST technical assistance entail?
MOBILIST can deploy technical assistance funding to help applicants reduce the at-risk costs involved in listing. This assistance is available to cover key costs related to preparing and structuring a product for a successful listing. This could, for example, include support for drafting an investment prospectus or the generation of regulatory assessments.
Beyond transaction-level support, MOBILIST can review and assist applicants with potential reporting structures and their implementation. We also provide technical assistance on ESG and development impact, particularly regarding measurement, monitoring, validation, due diligence, and strategic learning. - Why was MOBILIST created?
Urgent action is needed to accelerate sustainable development and combat climate change in EMDEs, but a large and persistent financing gap means these economies must attract greater private-sector investment if they hope to meet the SDGs.
Most of global wealth is held by institutional investors who invest primarily in listed products—those traded on stock markets and public exchanges. MOBILIST was created to help direct some of the $250 trillion in private capital currently held in products listed on global stock exchanges toward closing this financing gap.
Through MOBILIST, FCDO seeks to demonstrate that listed products can deliver the large-scale institutional flow of capital to help finance the SDGs and climate transition in EMDEs. - Why public markets?
Public markets offer unparalleled scale for capital mobilisation. Stock exchanges and public debt capital markets jointly intermediate more than 20 times the amount of capital managed in private markets, 100 times the combined balance sheets of the multilateral development banks (MDBs), and 200 times the impact assets under management worldwide.
To learn more about the potential of public markets for capital mobilisation, read MOBILIST’s research report Public Markets for Development Finance: Originate-Demonstrate. - Which stock exchanges is MOBILIST partnering with?
MOBILIST is currently partnering with the following stock exchanges:
- London Stock Exchange
- Johannesburg Stock Exchange
- Nigeria Stock Exchange
- Brazilian Stock Exchange
- Philippine Stock Exchange
- Mexican Stock Exchange
- Singapore Exchange Group
- Bursa Malaysia
MOBILIST Collaboration with Bursa Malaysia
- How does the MOBILIST source products to support?
MOBILIST seeks to partner with Bursa Malaysia and its members to identify sustainable investment products that can demonstrate a legitimate intention to list. It will engage with and accept proposals from Bursa participants (brokers, investment banks and intermediaries of public offerings).
- How does MOBILIST select products?
The common thread of MOBILIST-supported products is that they mobilise capital through public markets. To be eligible, the products must comply with the following requirements:
- Geographic focus: Underlying assets located in emerging and frontier markets.
- Listed instrument type: All investment structures intended to list and trade on a stock exchange.
- SDG criteria: Clear climate or development outcomes aligned with closing.
- Catalytic criteria: Ability to demonstrate the scalability and replicability necessary to meaningfully close the SDG funding gap the SDG funding gap.
- Investor support: Existing anchor investor support.
Please refer to MOBILIST’s Investment and Technical Assistance Appetite Statement for more details on the types of products the FCDO is looking to support with investment capital and technical assistance.
- What benefits does a partnership with MOBILIST hold for Bursa Malaysia and the local investment ecosystem?
The partnership between MOBILIST and Bursa Malaysia holds the potential to realise the following benefits:
- Potential to mobilise foreign direct investment.
- Private and public sectors partnership to finance innovative solutions that support the SDGs.
- Clear pathway for companies supported by MOBILIST to list on Bursa Malaysia.
- Technical assistance or investment to support companies advancing the SDG goals.
- Where can I get more information?
For more information on applying for MOBILIST’s investment or technical assistance, please visit the MOBILIST website: www.mobilistglobal.com.
Here, you can learn more about MOBILIST’s previous investments and view MOBILIST’s Request for Proposal (RFP) document, which contains instructions on applying.