UOB Asset Management (Malaysia) Berhad announces the launch of the United Global Income Focus Fund (UGIFF), designed to meet investors’ need for steady and regular income amid expectations of greater market volatility and uncertainty.
The UGIFF is a multi-asset, all-weather fund that seeks to offer investors the potential for regular income and capital appreciation by investing in a broad spectrum of global asset classes that outperform in different economic environments. It aims to provide investors with returns of between 4%-5% per annum, distributed quarterly.
According to the CEO of UOBAM (Malaysia), Lim Suet Ling, the launch of UGIFF is timely, especially with the investors’ expectation of a rise in volatility and global market uncertainty as central rates and geopolitical risks persist.
“In the medium term, we expect global markets to maintain a positive growth trajectory. We expect the US Federal Reserve to continue on its path towards gradual interest rate hikes and the European Central Bank to complete its asset purchase programme by 2018. However, investors are still concerned about the impact resulting from these monetary policy decisions and expect volatility to rise,” she continues.
Keeping this in mind, the UGIFF is suitable for sophisticated investors with moderate risk tolerance and a medium to long term investment horizon. The fund applies a flexible asset allocation strategy to hell investors optimise returns in different market environments.
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