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

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 returns hovering around 5 per cent for its moderate risk, should eventually lift returns to 7-8 per cent as the US economy recovers, and interest rates increase, a top executive at the bank told The Business Times.