KUALA LUMPUR, 11 April 2019 – UOB Asset Management Malaysia Berhad (UOBAM (Malaysia)) achieved total returns of 11.8% (as at 28 February 2019) for investors of the United Global Durable Equity Fund (UGDEF) since the fund’s launch on 15 July 2015. Over the same period, the fund outperformed its benchmark, the Morgan Stanley Capital International (MSCI) All Country World Index, by 3.4%. In the first two months of 2019, the fund has outperformed its peer group by 1.5%.
All Investors in the UGDEF’s Ringgit- and US Dollar-denominated share classes received a net income distribution of 0.88 sen and 0.83 sen per unit respectively on 7 March 2019. The fund’s strong performance was attributed to UOBAM (Malaysia)’s actively-managed, globally diversified investment approach.
Ms. Lim Suet Ling, Chief Executive Officer, UOBAM (Malaysia), said the firm’s global investment expertise and strong stock selection capabilities were instrumental to the fund’s success. “Through the United Global Durable Equity Fund, we are focused on investing in companies that show resilience to market volatility and that are capable of outperforming the market over the long term.”