UOBAM launches Singapore's first bond fund for retail investors
Underlying Fund focused on impact investing and stable income for investors.
UOB Asset Management Ltd (UOBAM) launched the United Sustainable Credit Income Fund (USCIF), the first bond fund in Singapore for retail investors focused on companies making progress against the United Nations’ Sustainable Development Goals (UN SDGs).
The USCIF is UOBAM’s first fund of sustainable solutions with an initial minimum subscription sum of $1,000. Through this, retail investors can invest into the RobecoSAM SDG Credit Income Fund (the Underlying Fund), which is managed by international asset manager Robeco.
The Underlying Fund evaluates companies’ contributions towards a sustainable economy through product impact and business practices, offering a stable income through monthly dividend distributions.
In addition, the Underlying Fund has the flexibility to select bonds, maintaining a high and consistent level of income as they limit investment in companies with a higher risk of default.
UOBAM is one of the first regional asset management firms in Singapore to become a signatory of the UN-supported Principles for Responsible Investment and is also a signatory to the Singapore Stewardship Principles for Responsible Investors.
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