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.

Investors seeking income and capital appreciation over the medium to long term need to set aside a minimum subscription of $1,000 for the United Smart Sustainable Singapore Bond Fund.

Most of the assets are allocated to bonds in Singapore but the fund’s portfolio gives room to corporate bond assets across Asia as well, the company said.

Thio Boon Kiat, UOBAM group CEO, said the fund helps “steer capital to sustainable investments” while helping investors benefit from a stable income.

“Investing for profit and purpose is one of our key tenets,” Thio Boon Kiat said.

The Singapore government announced the plan to finance up to S$19 billion of public sector infrastructure projects through green bond issuance as part of this year’s state budget.

On the other hand, companies are also gearing up to raise funds sustainably amid the global transition to a lower-carbon economy.

In May, UOBAM announced that the assets under management of its two China-focused funds have crossed over $1 billion in two years. The two funds are dubbed the United China-A Shares Innovation Fund and the United China-A Shares Consumption Upgrade Fund.

Since its inception in 1986, UOBAM has been engaged in investment schemes and discretionary funds in Singapore. As of March 31, 2021, it managed about $37.7 billion in assets under 59 unit trusts in Singapore and four subsidiaries.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.