Clients can submit their financial information, obtain risk profile, and receive an investment portfolio proposal in minutes.
UOB Asset Management Ltd (UOBAM) launched its own digital advisory service UOBAM Invest to allow companies to manage their discretionary investments through the firm's portfolio solutions.
According to a press release, the new digital service is offered exclusively to UOB’s commercial banking clients, which are mainly medium-sized companies. It will be offered to the bank’s other corporate clients, as well as to retail investors, and across UOBAM’s network in Asia, in subsequent phases.
Through the service, clients will be able to submit their financial information, obtain their risk profile, and receive an investment portfolio proposal in minutes.
The clients can choose to invest in the proposed portfolio or to adjust it.
The portfolios will be created from a wide range of UOBAM-managed funds and global exchange-traded funds (ETFs) spanning various asset classes, such as equities, high-yield and investment-grade bonds, as well as money market and short-term fixed income.
UOBAM said, "A conservative portfolio will typically comprise ETFs or unit trusts that are invested mainly in government bonds, money market and short-term fixed income. The most aggressive portfolio will largely consist of ETFs or unit trusts that are equities-based, and a small allocation to those that are focused on high-yield bonds."
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