UOB AM Goes For Tech Growth

uob-katong-wealthbanking-2-highres-1024x751.jpg

Singapore’s UOB Asset Management has partnered with a prominent U.S fund manager to tap into the current enthusiasm around all things tech.

UOB Asset Management (UOBAM) has partnered US-based T. Rowe Price International Ltd. (T. Rowe Price) to offer retail investors in Singapore the opportunity to tap the long-term growth prospects arising from technology and innovation.

Under the partnership, UOBAM will invest in T. Rowe Price’s Global Technology Equity Strategy (the Strategy) through the United Global Technology Fund. This is the first time retail investors in Singapore would be able to invest in T. Rowe Price’s highly-rated technology portfolio.

Exponential Growth

In the ten years between February 2007 and February 2017, the Strategy has seen annualised returns of 15.39 per cent versus the benchmark MSCI All Country World Index Information Technology’s 9.08 per cent over the same period.

«The role of technology has grown exponentially over the past decades to become an essential part of global economies and industries. I am pleased to bring on board T. Rowe Price, an accomplished partner with extensive experience in investing in the technology sector,» said Thio Boon Kiat, CEO, UOBAM.

T. Rowe Price has been managing dedicated technology portfolios since 2000. As at 31 December 2016, the Strategy has $5.6 billion of assets under management.


About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.


CONTACT US

CALL US ANYTIME

Most read



Retail updates

Stay up to date of the lates updates and retail news from Asia.








X