UOB LAUNCHES MULTI-ASSET ALL-WEATHER FUND
New fund aims to provide investors with returns of between 4 and 5pc per year
UOB Asset Management (Malaysia) Bhd (UOBM) expects global markets to maintain a positive growth trajectory in the medium term, while the lingering geopolitical risks and United States protectionist trade policies are adding further uncertainty to financial markets.
“We expect the US Federal Reserve to continue its path towards gradual interest rate hikes and the European Central Bank to complete its asset-purchase programme by next year.
“However, investors are concerned about the impact from these monetary policy decisions and expect volatility to rise,” said UOBM chief executive officer Lim Suet Ling.
Amid expectations of greater market volatility and uncertainty, UOBM launched the United Global Income Focus Fund (UGIFF) to meet investors’ need for steady and regular income.
The UGIFF is a multi-asset allweather fund that seeks to offer investor the potential for regular income and capital appreciation in a broad spectrum of global asset classes that outperform in different economic environments.
It aims to provide investors with quarterly returns of between four and five per cent per year, Lim added.
“The launch of UGIFF is timely given investors’ expectation of a rise in volatility and global market uncertainty as central banks around the world begin tapering their quantitative easing programmes by raising interest rates,” she said at a media briefing, here, yesterday.
The UGIFF, which will be submanaged by Wellington Management Singapore Pte Ltd, is targeted to investors with moderate risk tolerance and a medium- tolong-term investment horizon.