11 December 2014
UOBAM Malaysia Launches United Asean Discovery Fund To Tap Asean's Long-term Growth
KUALA LUMPUR, Dec 10 (Bernama) - UOB Asset Management (M) Bhd (UOBAM Malaysia) has launched the United Asean Discovery Fund to allow investors to benefit from potential opportunities arising from Asean's long-term growth and the region's positive investment outlook.
In a statement Wednesday, UOBAM Malaysia chief executive officer, Lim Suet Ling, said it was timely to invest in equities of companies in Asean member states in view of the positive outlook and growth potential projected for the region.
"One of the best ways to benefit from the Asean growth story is to invest in its small- and medium-sized companies with market capitalisation of not more than US$3 billion.
"The strong economic outlook in the region is expected to drive positive long-term performance of equities of companies in Asean member states," she said.
She said the integration of markets under the Asean Economic Community initiative in 2015 was also expected to increase regional trade.
"In 2000, 33 per cent of goods made in South-East Asia were traded within Asia. By 2020, UOB forecast that this would rise to 61 per cent," she said.
The United ASEAN Discovery Fund is available at all branches of United Overseas Bank (M) Bhd and selected banks.
The initial offer period of the fund is from Dec 8-28, 2014.