UOB Bank is rolling out its UOBAM Invest service, which provides corporate investors with customized investment portfolios online, to Malaysia, it announced on Tuesday.
The service features a Digital Adviser that generates customized portfolio proposals within minutes, based on investment goals, risk appetite and investment profile, using a proprietary screening methodology and asset allocation framework.
The portfolios are created from a range of UOBAM-managed funds and global exchange-traded funds (ETFs). Corporate investors can then leave it to UOBAM (Malaysia) to monitor the investments as well as to rebalance the portfolio quarterly and whenever funds are injected or withdrawn. Those who prefer to make their own investment decisions can also use Fund Direct build their own portfolio from UOBAM’s unit trusts.
The Digital Adviser has a minimum investment of RM500,000 ($115,000), while corporate investors who use the Fund Direct feature must meet the minimum investment requirements of the respective UOBAM-managed funds.
Optimizing Investment Strategies
UOBAM Invest aims to help corporate investors optimize their investment strategies amid periods of heightened volatility, said Lim Suet Ling, chief executive officer, UOBAM (Malaysia).
«Economic shocks such as the Covid-19 pandemic highlight the importance of a risk-based approach to investing to help corporate investors limit the impact of short-term risk while meeting their long-term investment goals,» Lim said.
The service launched in Singapore in 2018 for corporate investors, and is also available in Thailand for retail investors. UOBAM and its subsidiaries manage about S$36.6 billion (US$26.3 billion) in clients' assets as at 29 February 2020.
