UOB Asset Management launches first Singapore-focused ESG fund

People sit outside a United Overseas Bank Ltd. (UOB) branch in Singapore, on Monday, Feb. 12, 2018. Photographer: Ore Huiying/Bloomberg

UOB Asset Management (UOBAM) on Monday launched the first Singapore-focused fund aimed at individual and institutional investors contributing to the nation’s sustainability drive.

Known as the United Smart Sustainable Singapore Bond Fund, the vehicle is focused on bonds with strong environmental, social, and governance (ESG) mandates, the company said in a statement.

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