KUALA LUMPUR (Feb 13): UOB Asset Management (M) Bhd (UOBAM) today launched the United Income Plus Fund which enables local investors to benefit from fixed income and equity investments in global markets.

In a statement today, UOBAM chief executive officer Lim Suet Ling said the fund aimed to provide investors with capital appreciation and quarterly income from investments in fixed-income securities or bonds, and equities.

"However, it is subject to the fund’s performance in the equities market and availability of income for quarterly distribution," Lim said.
 
According to her, the fund is suitable for customers with a low-to-moderate risk appetite as it has a conservative asset allocation strategy and is focused on fixed-income securities and equities in Asia, Europe and the US.

Lim said the current global macroeconomic environment of low interest rates, moderate growth and low inflationary pressure boded well for fixed-income investments.

“The launch of the United Income Plus Fund is timely as bond prices in emerging markets such as China, Indonesia and the Philippines are looking positive after the announcement of the quantitative easing measures by the European Central Bank.

“We are optimistic about Asian bonds as the macroeconomic fundamentals in Asia remain stable with most economies expected to benefit from lower oil prices and continuous policy reforms,” Lim said.