BUSINESS

UOBAM MALAYSIA'S FUND TOPS LIPPER'S ASEAN EQUITY LEAGUE TABLE

19/04/2021 01:26 PM

KUALA LUMPUR, April 19 -- UOB Asset Management (Malaysia) Bhd’s (UOBAM Malaysia) United ASEAN Discovery Fund has topped Lipper’s ASEAN Equity 2020 League Table by outperforming industry peers’ average returns by 63 per cent.

In a statement today, it said the league table ranked ASEAN equity funds in Malaysia based on their income and capital appreciation over three years from Jan 1, 2018 to Dec 31, 2020.

“UOBAM Malaysia’s United Income Plus Fund and United Bond and Equity Strategic Trust were also ranked second and fourth on Lipper’s League Tables on Mixed Ringgit Conservative Assets (over a three-year period) and Mixed Ringgit Balanced Global Assets (over a five-year period) respectively,” it said.

It said that as at Dec 31, 2020, the United Income Plus Fund outperformed its industry peers’ average returns by eight per cent while the United Bond and Equity Strategic Trust achieved a nine per cent outperformance.

The fund manager said the three funds were also recognised as the Best Fund over Three Years, Equity ASEAN (United ASEAN Discovery Fund), Best Fund over Three Years, Mixed Asset MYR Conservative (United Income Plus Fund) and Best Fund over Five Years, Mixed Asset MYR Balanced - Global (United Bond and Equity Strategic Trust) at the 2021 Refinitiv Lipper Malaysia Fund Awards. 

Chief executive officer Lim Suet Ling said UOBAM Malaysia adopted a bottom-up research approach and focused on companies’ fundamentals as part of its structured investment strategy to achieve outstanding fund performance and returns for its investors.

She said that in 2020, especially given the impact of COVID-19, UOBAM Malaysia has been focusing on companies in the healthcare-related sector such as medical glove manufacturers that experienced exceptional profits during the pandemic.

“With the continued acceleration in digitalisation globally, we also realigned our strategy to increase our asset allocation to the technology sector.

“Our efforts paid off as the United ASEAN Discovery Fund, the United Income Plus Fund and the United Bond and Equity Strategic Trust benefitted from the solid performance of health-related and technology stocks in ASEAN and around the world,” she added.

 The United ASEAN Discovery Fund also won the Best of the Best Performance -- ASEAN Equity (Three Years) award at the 2021 Best of the Best Awards by Asia Asset Management where UOBAM Malaysia also bagged the Best of the Best award for Fintech Innovation in Asset Management, Malaysia for UOBAM Invest.

Launched in 2020, UOBAM Invest is a robo-advisory service that provides customised investment portfolios online to help companies meet their investment goals.

-- BERNAMA

 

 


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