By NURUL SUHAIDI / pic credit: uobam.com.my
UOB Asset Management (M) Bhd’s (UOBAM) United Asean Discovery Fund has won the first rank by Lipper’s Asean Equity 2021 League Table, outperforming its regional peers to 70% with strong fund performance.
It said the fund was also named “Best Fund over Three Years” under the Equity Asean category at the 2022 Refinitiv Lipper Malaysia Fund Awards.
In addition to outperforming its industry counterparts by 18%, Refinitiv Lipper Malaysia also awarded UOBAM’s United Bond and Equity Strategic Trust the “Best Fund over Three Years” under the Mixed Asset MYR Balanced-Global category.
“UOBAM’s (Malaysia) continued focus on healthcare and technology sectors that thrived during the height of the pandemic has been vital to the United Asean Discovery Fund’s and the United Bond and Equity Strategic Trust’s strong performance,” the firm’s CEO Lim Suet Ling said in a statement yesterday.
“Within the healthcare sector, companies such as glove manufacturers benefitted from strong demand for healthcare products and equipment.
“Factors that drove the technology sector included the acceleration in digitalisation, as well as trade diversion as global players diversify their supply chain into the region,” she added.
Lim further said that as part of the strategy to structure investment and achieve outstanding fund performance and returns for our investors, UOBAM adopts a bottom-up research approach to ride on the positive outlook, while focusing on companies’ fundamentals.
“In addition to that, we also tap UOBAM Group’s expertise and in-depth local market knowledge across Brunei, Indonesia, Singapore, Thailand and Vietnam to strengthen our portfolio selection further,” she said.
According to her, those strategies, supported by the right asset class selection, are key to the funds receiving recognition from the industry.