New UOB Fund To Tap On Regional Network

Source : TODAY, Monday, October 15, 2007

UNITED Overseas Bank is set to leverage on its regional network and expertise in Asian markets with the introduction of the United Asia Active Allocation Fund (Triple A Fund) today.

The Triple A Fund adapts to changes in market conditions through an active fund allocation investment strategy designed to maximise returns for the investors’ portfolio.

Jointly developed by UOB and UOB Asset Management (UOBAM), it will feed into three Asian-focussed funds managed by the latter — United Asia Fund, United Asian Growth Opportunities Fund and the UOB Optimix Asian Bond Fund.

UOB Personal Financial Services executive vice-president Eddie Khoo said the regional fund “taps on the bank’s regional consumer banking network and UOBAM’s expertise to offer wealth management solutions to customers in Singapore, Malaysia and Thailand”.

Different asset classes respond differently as the economy goes through periods of expansion and contraction. The Triple A Fund’s portfolio diversification strategy covers both Asian equities and fixed-income investments, enabling it to manage market volatility for stable long-term returns.

“The Triple A Fund offers investors ... UOBAM’s in-depth knowledge of Asian markets and the rigorous investment strategy for active asset allocation. With that, even in varying economic and asset market cycles, investors will have peace of mind,” said Mr Thio Boon Kiat, managing director and chief investment officer of UOBAM.