UOB Asset Management (Malaysia) United ASEAN Discovery Fund has topped the Lipper’s ASEAN Equity 2021 League Table. The ranking was on the back of the fund’s strong outperformance in average returns by 70 per cent compared with its regional peers. In addition, the fund was also named Best Fund over Three Years, Equity ASEAN category at the 2022 Refinitiv Lipper Malaysia Fund Awards.
In a statement, UOBAM United Bond and Equity Strategic Trust were also awarded the Best Fund over Three Years for Mixed Asset MYR Balanced – Global category by Refinitiv Lipper Malaysia, in addition to its 18 percent returns outperformance against its industry peers.
Ms Lim Suet Ling, Chief Executive Officer of UOBAM (Malaysia), said, “UOBAM (Malaysia)’s continued focus on healthcare and technology sectors that thrived during the height of the pandemic has been vital to the United ASEAN Discovery Fund’s and United Bond and Equity Strategic Trust’s strong performance. Within the healthcare sector, companies such as glove manufacturers benefitted from the strong demand for healthcare products and equipment. Factors that drove the technology sector included the acceleration in digitalisation, as well as trade diversion as global players diversify their supply chain into the region.”
Even as the world’s recovery from the impact of the COVID-19 pandemic was hampered by resurging infections in 2021, increasing vaccination rates, reopening of economies as well as ongoing fiscal and monetary policies by governments continued to support the global rebound. Investors’ sentiments have also bounced back along with social and economic activities gradually returning to the path of normalisation.
Ms Lim said, “At UOBAM (Malaysia), we adopt a bottom-up research approach to ride on the positive outlook while focusing on companies’ fundamentals as part of our structured investment strategy to achieve outstanding fund performance and returns for our investors. We also tap UOBAM Group’s expertise and in-depth local market knowledge across Brunei, Indonesia, Singapore, Thailand, and Vietnam to strengthen our portfolio selection further. Our strategy, supported by the right asset class selection, is key to our funds receiving the recognition from the industry.”
