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UOB's medium-risk fund doubles assets in 3 months to S$2.2b

Income Builder in turn invests in 3 other funds and is meant to evenly straddle between risk and return

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"We have selected funds that are termed volatility-controlled, but it's just a more technical term for managing risk. We've always believed that talking about returns, starts from talking about risks." - Dennis Khoo, head of personal financial services, Singapore, UOB (above)

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UOB expects that Income Builder, which has returns hovering around 5 per cent for its moderate risk, should eventually lift returns to 7-8 per cent.

Singapore

IN AN investor universe called Singapore where most investors are conservative, and a smattering few are big risk takers, UOB has managed in three months to double its assets in a fund that is meant to evenly straddle between risk and return.

And the unit trust, which has...

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