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/ UOBAM (Malaysia) launches United Vietnam Equities Fund (UVEF)

UOBAM (Malaysia) launches United Vietnam Equities Fund (UVEF)

UOB Asset Management (Malaysia)June 15 2023 00:00

UOB Asset Management (Malaysia) (UOBAM (Malaysia)) has recently launched the United Vietnam Equities Fund (UVEF). UVEF offers local retail investors the exposure to the equity market in Vietnam, one of ASEAN's leading manufacturing hub.

The offering of the fund underscores the Company’s commitment to providing innovative investment solutions that capitalise on opportunities in ASEAN’s growing markets.

Ms. Lim Suet Ling, Chief Executive Officer of UOBAM (Malaysia) said, "We are proud to introduce UVEF, which represents a significant milestone for UOB Asset Management (UOBAM). Through this fund, we offer our regional expertise to connect Malaysians to one of ASEAN’s leading market investment landscape. Vietnam's robust economic growth and vibrant business environment present a compelling opportunity for investors seeking to tap into the region's growth.”

UVEF is suitable for retail investors with long-term investment horizons and are comfortable with volatility and risks of an equity fund. UOBAM's strong presence in the ASEAN region, combined with its in-country investment expertise has enabled the company to capture the potential within Vietnam's equity market. Investors will also benefit from the local expertise of a dedicated and experienced UOBAM Vietnam team located at its Ho Chi Minh City office.

The team has managed several offshore funds and mandates investing in Vietnam market for foreign institutional investors over the last decade. This resulted in the Company having built and maintained a solid database of more than 120 Vietnamese listed companies, representing more than 90 per cent of the country’s total market capitalisation.

UVEF seeks to achieve its objectives by investing a minimum of 90 per cent of the Fund's net asset value (NAV) in United Vietnam Equity Fund (Target Fund). The remaining 10 per cent is invested in liquid assets, which includes money-market instruments and deposits.

The Target Fund invests primarily in equity and equity-related securities of corporations and other entities listed, located, incorporated, or have significant business operations or assets in Vietnam. All investment decisions are made at the Target Fund level by its manager, UOBAM.

UVEF's is available for subscription now at selected distributors in both domestic and foreign currencies with an initial minimum investment of RM1,000 and US$1,000.

For more information on UVEF, please visit https://www.uobam.com.my/our-funds/funds-details.page?mstarid=F00001FWJG

About UOB Asset Management (Malaysia)

UOB Asset Management (Malaysia) Berhad (“UOBAM(M)”) is built on a strong foundation of investment capabilities, grounded in rigorous and extensive research. UOBAM(M) has held the Capital Markets and Services Licence for fund management in Malaysia under the Capital Market and Services Act since January 1997. In January 2014, UOBAM (M) obtained approval from the Securities Commission of Malaysia to deal in securities restricted to unit trust products. UOBAM(M) has more than 20 years of experience in providing fund management and fund advisory services for both institutional and retail clients. UOBAM(M) operates 29 funds and manages more than RM8.0 billion worth of assets in Malaysia. As a subsidiary of the UOB Asset Management Ltd headquartered in Singapore which has a strong regional presence in markets that include Thailand, Brunei, Taiwan, Japan, China, India, Vietnam and Indonesia via local offices, joint ventures and alliances, we enjoy a strong regional integration which grants us in-depth knowledge and first hand insights in an ever-changing environment. Our clients encompass high net worth individuals, private corporations, unit trusts companies, insurance companies and state boards. Overall, the UOB Asset Management group manages more than S$32.0 billion* worth of assets across the region and has been recipient of numerous awards – 308 fund awards, which is testament to the Group’s investment success.

Contact

UOB Asset Management (Malaysia) Berhad (Company no. 199101009166 (219478-X)) Level 20, UOB Plaza 1, 7 Jalan Raja Laut, 50350 Kuala Lumpur General Line: 603 - 27790011 Whatsapp: 6018 - 6686226