UOB Asset Management launches United Global Innovation Fund to ride game-changing trends

SINGAPORE (June 17): UOB Asset Management (UOBAM) has launched the United Global Innovation Fund (UGIF).

This is an equity fund which aims to provide retail investors with an opportunity to invest in innovative enterprises across a range of sectors and regions.

Investors can tap on opportunities arising from game-changing trends such as advances in mobile, machine learning and automation technology to healthcare innovation and changing consumer preferences – all through a single fund.

Companies in the investment portfolio include those from both developed and emerging markets and across sectors such as healthcare, finance, software and services, transport, manufacturing and retail.

In addition, UGIF allows investors to contribute positively to the environment through investments in companies in sectors such as renewable energy.

Dharmo Soejanto, senior director of external fund managers unit at UOBAM, notes that innovation is a key business driver for many companies, as it has the potential to drive the growth independent of global economic and market cycles.

“The United Global Innovation Fund seeks to invest in companies that believe in creating constructive change and transformation, which can in turn lead to positive returns for investors even amid a slowing global economy and volatile market conditions,” he says.

The UGIF was first launched in Thailand in November 2018 by UOBAM (Thailand).

As at May 31, the fund has more than 133 million baht ($5.8 million) in assets under management and achieved 8.89% returns year-to-date, 2.11% higher than its benchmark MSCI All Country World Index.

The initial minimum subscription sum is $1,000 or US$1,000.