UOB has 406% rise in Q1 purchase of investment products

Singapore

UNITED Overseas Bank (UOB) has had a 406 per cent increase in the online purchase of its investment products in the first quarter versus a year ago, with the strongest demand for gold and unit trust products, as investors seek defensive and diversified assets.

This comes as UOB increased the investment insight reports it provides to clients to keep them informed on risks and opportunities given the fluid market conditions, said the bank in a press statement.