KUALA LUMPUR: UOB Asset Management Malaysia Bhd (UOBAM) has achieved total returns of 11.8 per cent for investors of the United Global Durable Equity Fund (UGDEF) since the fund’s launch on July 15, 2015.
The asset investment firm said over the same period, the fund outperformed its benchmark, the Morgan Stanley Capital International (MSCI) All Country World Index, by 3.4 per cent.
In the first two months of 2019, the fund has outperformed its peer group by 1.5 per cent, it added.
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 March 7, 2019.
The fund’s strong performance was attributed to UOBAM’s actively-managed globally diversified investment approach.
UOBAM Malaysia chief executive officer Lim Suet Ling 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 exhibit resilience to market volatility and that are capable of outperforming the market over the long term.
“This includes selecting utility companies with sizeable market share in their industries and food producers and suppliers that experience constant demand. The stability of such companies is often not reflected in their stock prices,” she said.
The United Global Durable Equity Fund is available at all branches of United Overseas Bank (Malaysia) Bhd and other selected banks.