UOB asset launches fund

Article Abstract:

UOB Asset Management Ltd., United Overseas Bank's asset-management unit, has launched the first of its seven global bond funds that serve as substitutes to its traditional funds. UOB, which handles assets worth S$2.2 billion or $1.3 billion, stated that the company's latest bond fund provides a safer investment option in times of economic difficulties or enormous uncertainty. UOB's portfolio manager, Kwek Miang Cher, declared that the latest global bond funds help compensate high-risk security bonds.

Comment:

Launches the first of its 7 global bond funds that serve as substitutes to its traditional funds

Services introduction, Singapore, Mutual Fund Mgmt Companies, Portfolio Management, Mutual funds, Article, UOB Asset Management Ltd.

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All funds won't flee Malaysia when curbs are lifted

Article Abstract:

The expiration on Sep 1, 1999, of the 12-month lock-in period for foreign investments imposed by the government of Malaysia will not result in capital flight. A number of money managers are reportedly considering either maintaining or even improving their financial exposures in light of the country's improving economy. An estimated foreign asset total of 23.3 billion ringgit ($6.13 billion) continues to be in Malaysia despite a relaxation on a ban on foreign fund repatriation in Feb 1999.

Administration of General Economic Programs, International economic relations, Intnl Economic Policy, Open-End Investment Funds, Malaysia, Money Market Invest Funds, Analysis, Foreign investments, Economic aspects, Capital market, Capital markets, Capital investments, Mutual fund industry, Capital movements, Money market funds

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