Posted inSoutheast Asia

UOBAM unveils three funds in Malaysia

UOBAM (Malaysia) launches SimpleInvest Solutions for retail investors.
Lim Suet Ling, UOB Asset Management (Malaysia)

UOB Asset Management (Malaysia) has launched three actively managed funds, designed to cater for various investor risk profiles.

United Simple Income Select (USIS), seeks to provide income for moderate-risk investors with a medium- to long-term investment horizon. Using a fund-of-funds (FOF) strategy, the USIS invests in a diversified portfolio of collective investment schemes of fixed income, equity and multi-asset funds;

United Simple Growth Select (USGS), a fund of funds, aims to offer investors with high-risk tolerance capital appreciation over the medium- to long-term by investing in a collective investment schemes of a diversified portfolio of equity funds. The USGS provides exposure to both disruptive and secular growth opportunities in sectors such as automation, robotics, artificial intelligence and healthcare innovation.

United Money Market Fund, seeks to offer risk-averse investors with a short-term horizon income and liquidity by investing primarily in fixed income securities, money market instruments and deposits.

“With the current backdrop of market uncertainty and interest rates remaining at low levels globally, individual investors may face the challenge of building a solid investment portfolio. With SimpleInvest Solutions, we aim to address this pain point,” Lim Suet Ling, chief executive of UOBAM (Malaysia), said in a statement.

Designed to suit a spectrum of risk profiles, the SimpleInvest Solutions enable investors at different life stages to invest simply and smartly just by selecting the solution that match their risk tolerance levels and investment objectives, she explained.

“We take into account insights into the volatile financial markets and analyse each underlying fund for its risk and return drivers, using our in-house screening and asset allocation capabilities. We will consistently monitor the underlying funds’ performance to readjust the investment process, as well as to rebalance the portfolios where necessary,” Lim said.

The United Money Market Fund is available at selected distributors, while the USIS and USGS are distributed by UOB Malaysia exclusively. The funds under SimpleInvest Solutions are available for subscription in both domestic and foreign currencies with a minimum initial investment of RM1,000, A$1,000, S$1,000, and $1,000, respectively.

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