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United Overseas Bank : UOB Asset Management launches Singapore’s first digital advisory service for corporate investors

by January 10, 2018 General

UOB Asset Management launchesSingapore’s firstdigital advisory service for corporate investors

The service will be offered to retail investors and across Asia in subsequent phases

Singapore, 10 January 2018UOB Asset Management Ltd (UOBAM) has launched UOBAM Invest,Singapore’s first digital advisory service for companies to manage their discretionary investments in thefund house’s proposedportfolio solutions.

The new digital serviceis offered exclusively to United Overseas Bank’s(UOB) Commercial Banking clients, which are mainly medium-sized companies. It will be offeredto the Bank’s other corporate clients, as well as to retail investors and across UOBAM’s networkin Asia, in subsequent phases.

Mr Thio Boon Kiat, Group CEO, UOBAM, said, “At UOBAM, we haveobserved our clients’ increasingpreference to receive investment advisory and to manage their investments digitally. Using our proprietary screening methodology and asset allocation framework, we designed UOBAM Invest to meet the needs of these investors and to make our portfolio solutions easily accessible online. Partnering UOB to provide this new digital advisory service to its corporate clients is part of our strategy to offer greater market access to our investment solutions. We look forward to introducing the service to more corporates and retail investors across our regional network.

Using the new digital service, UOB Commercial Banking clients can now submit their financial information, obtain their risk profile and receive an investment portfolio proposal in minutes. Thereafter, the clients can choose to invest in the proposed portfolio or to adjust the portfolio according to their desired returns, investment horizon and risk appetite.

UOBAM Invest will generate different model portfolio proposals automatically, ranging from very conservative to very aggressive, based on the client‘s risk tolerance and appetite.The portfolios will be created from a wide range of UOBAM-managed funds and global exchange-traded funds (ETFs) spanning various asset classes, such as equities, high-yield and investment grade bonds, as well as money market and short-term fixed income.

A conservative portfolio will typically comprise ETFs or unit trusts that are invested mainly in government bonds, money market and short-term fixed income. The most aggressive portfolio will largely consist of ETFs or unit trusts that are equities-based, and a small allocation to those that are focused on high-yield bonds.

Mr Eric Tham, Head of UOB Group Commercial Banking, said, “Our clients look to discretionaryinvestments in various fund products to maximise their returns and to strengthen their balance sheets.

However, as they focus on their day-to-day business operations, they may not be able to afford the time needed to choose and to track their investment portfolios closely. With UOBAM Invest, it is now more convenient for our clients to manage these investments with UOBAM.”

UOBAM’s technology partner on UOBAM Invest is FNZGroup, a global FinTech company specialising in providing multi-channel wealth management services to the financial services and wealth management sectors.


About UOB Asset Management

UOB Asset Management Ltd (UOBAM) is a wholly-owned subsidiary of United Overseas Bank Limited. Established in 1986,

UOBAM has been managing collective investment schemes and discretionary funds in Singapore for more than 30 years. We currently manage 58 unit trusts in Singapore and are one of the largest unit trust managers in terms of assets under management. As at 30 November 2017, UOBAM and our subsidiaries manage about S$33.9 billion (US$25.2 billion) in clients’ assets. UOBAM has an extensive presence in Asia with regional business and investment offices in Malaysia, Thailand, Brunei, Taiwan and Japan. Our network includes UOB Alternative Investment Management Pte. Ltd and UOB Islamic Asset Management Sdn Bhd in Malaysia. We have two joint ventures: Ping-An UOB Fund Management Company (China) and UOB-SM Asset Management Pte Ltd (Singapore). In addition, we forged strategic alliances with UTI International (India) and Wellington

Management Singapore. UOBAM is one of the most awarded fund management companies, winning the ‘Best Fixed Income Fund House’ award from Morningstar Awards 2017.

For media queries, please contact:

Kelyn Tan

Maybelline Tan

Group Strategic Communications and Customer Advocacy

Group Strategic Communications and Customer Advocacy

Email:[email protected]

Email:[email protected]

Tel: 6539 3967

Tel: 6539 4062

Important Notice & Disclaimers:This publication shall not be copied or disseminated, or relied upon by any person for whatever purpose. The information herein is given on a general basis without obligation and is strictly for information only. This publication is not an offer, solicitation, recommendation or advice to buy or sell any investment product, including any collective investment schemes or shares of companies mentioned within. Although every reasonable care has been taken to ensure the accuracy and objectivity of the information contained in this publication, UOB Asset Management Ltd (“UOBAM”) and itsemployees shall not be held liable for any error, inaccuracy and/or omission, howsoever caused, or for any decision or action taken based on views expressed or information in this publication. The information contained in this publication, including any data, projections and underlying assumptions are based upon certain assumptions, management forecasts and analysis of information available and reflects prevailing conditions and our views as of the date of this publication, all of which are subject to change at any time without notice.Please note that the graphs, charts, formulae or other devices set out or referred to in this document cannot, in and of itself, be used to determine and will not assist any person in deciding which investment product to buy or sell, or when to buy or sell an investment product.UOBAM does not warrant the accuracy, adequacy, timeliness or completeness of the information herein for any particular purpose, and expressly disclaims liability for any error, inaccuracy or omission. Any opinion, projection and other forward-looking statement regarding future events or performance of, including but not limited to, countries, markets or companies is not necessarily indicative of, and may differ from actual events or results. Nothing in this publication constitutes accounting, legal, regulatory, tax or other advice. The information herein has no regard to the specific objectives, financial situation and particular needs of any specific person.You may wish to seek advice from a professional or an independent financial adviser about the issues discussed herein or before investing in any investment or insurance product. Should you choose not to seek such advice, you should consider carefully whether the investment or insurance product in question is suitable for you.

UOB – United Overseas Bank Ltd. published this content on 10 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 January 2018 07:29:07 UTC.