UOB AM Malaysia launches new global tech fund

KUCHING: UOB Asset Management (Malaysia) Bhd (UOB AM Malaysia) has launched the United Global Technology Fund to offer investors the opportunity to tap the long-term growth prospects of global companies that innovate and set technology trends.

The United Global Technology Fund (the Fund) invests in a diversified portfolio of global technology companies that show substantial growth in market capitalisation and companies that are leading in innovation and change across their industry.

The fund is suitable for sophisticated investors with a high-risk appetite and who are seeking long-term capital appreciation on their investments.

UOBAM Malaysia chief executive officer Lim Suet Ling said the technology sector has grown to become the largest industry globally and includes some of the world’s most valuable companies within its fold.

“The role of technology has grown exponentially over the past decades to become an essential part of global economies and industries.

“Today, the top four publiclytraded companies by market capitalisation are technology companies that are leading the way in developing artificial intelligence, cloud computing, high quality internet capabilities to support big data, gaming, cyber security, industrial electronics and software,” Lim said.