UOB Asset Management Malaysia (UOBAM Malaysia)’s United ASEAN Discovery Fund has topped Lipper’s ASEAN Equity 2020 League Table by outperforming industry peers’ average returns by 63 percent.
The league table ranks ASEAN equity funds in Malaysia based on their income and capital appreciation over three years from January 1, 2018 to December 31, 2020.
UOBAM Malaysia’s United Income Plus Fund and United Bond and Equity Strategic Trust were also ranked second and fourth on Lipper’s League Tables on Mixed Ringgit Conservative Assets (over a three-year period) and Mixed Ringgit Balanced Global Assets (over a five-year period) respectively.
As of December 31, 2020, the United Income Plus Fund outperformed its industry peers’ average returns by eight percent, while the United Bond and Equity Strategic Trust achieved a nine percent outperformance.
Chief Executive Officer (CEO) of UOBAM Malaysia, Lim Suet Ling has said that UOBAM Malaysia adopts a bottom-up research approach and focus on companies’ fundamentals as part of their structured investment strategy to achieve the fund performance and returns for their investors.
“In 2020, especially given the impact of Covid-19, we have been focusing on companies in the healthcare-related sector, for example medical glove manufacturers that experienced exceptional profits during the pandemic.
“With the continued acceleration in digitalisation globally, we also realigned our strategy to increase our asset allocation to the technology sector,” she added.
The CEO also highlighted that their efforts paid off as the United ASEAN Discovery Fund, the United Income Plus Fund and the United Bond and Equity Strategic Trust benefitted from the solid performance of health-related and technology stocks in ASEAN and around the world.
The United ASEAN Discovery Fund capitalises on trends like digital transformation which leads to strong demand for technology solutions. Thus, giving exposure to small to mid-sized technology-related companies in ASEAN.
The United Income Plus Fund is invested in many of the world’s leading technology companies such as Alphabet and Amazon, while the United Bond and Equity Strategic Trust has holdings in leading semiconductor and emerging technology names such as TSMC and Tencent.
UOBAM Malaysia has bagged Best Fund over Three Years, Equity ASEAN for the United ASEAN Discovery Fund; Best Fund over Three Years, Mixed Asset MYR Conservative for the United Income Plus Fund for the second consecutive year; and Best Fund over Five Years, Mixed Asset MYR Balanced – Global for the United Bond and Equity Strategic Trust.
In 2020, UOBAM Malaysia has also won the Refinitiv Lipper Fund Awards for its United Income Plus in the Best Fund over Three Years in the Mixed Asset MYR Conservative as well.