UOB Asset Management launches innovation equity fund
United Global Innovation Fund offers retail investors the opportunity to invest in innovative enterprises of different market capitalization across sectors and regions
UOB Asset Management (UOBAM) has launched the United Global Innovation Fund (UGIF) to offer retail investors in Singapore the opportunity to invest in innovative enterprises of different market capitalization across sectors and regions.
UOBAM’s new equity fund provides investors exposure to companies seeking to drive structural change across industries and business models. This will enable investors to tap opportunities arising from major trends – from advances in mobile, machine learning and automation technology to healthcare innovation and changing consumer preferences – through a single fund.
Another key investment theme of the UGIF is climate action; investors would be able to help contribute positively to the environment through investments in companies in sectors such as renewable energy.
Dharmo Soejanto, senior director, External Fund Managers Unit, UOBAM, says, “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. The fund’s long-term investment horizon also enables retail investors to gain exposure to high-potential, early-stage companies expected to achieve substantial scale in time.”
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