Frequently Asked Questions
- Who is UOB Asset Management?
- Who is Dimensional?
- What is the investment approach of this Fund?
- What does the Fund invest in (underlying assets)?
- How can I invest in this Fund?
- Are there any fees or penalties if I need to redeem my investment?
- Can I transfer-in my unit trust holdings currently being held by another distributor to the Fund?
- Can I use my CPF funds to invest in the Fund?
- What if I change my mind after buying the Fund?
- How can I check the status of my account?
- I am a US citizen or resident in the US. Can I invest in the Fund?
Who is UOB Asset Management?
The managers of the Fund are UOB Asset Management Ltd ("UOBAM"), whose registered office is at 80 Raffles Place, UOB Plaza, Singapore 048624.
UOBAM is a wholly-owned subsidiary of UOB Group. Established in 1986, UOBAM has been managing collective investment schemes and discretionary funds in Singapore for 28 years, and as of 31 March 2014 manages about S$14.2 billion in clients' assets. UOBAM also has investment operations in Malaysia and Thailand.
UOBAM offers global investment management expertise to institutions, corporations and individuals, through customised portfolio management services and unit trusts. As at 30 April 2014, UOBAM manages 51 unit trusts in Singapore, and is one of the largest unit trust managers in Singapore in terms of assets under management.
In terms of market coverage, UOBAM has acquired specialist skills in equity investment in Asian, Australian, European and US markets and major global sectors. In the bond markets, UOBAM covers the Organisation of Economic Co-operation and Development (OECD) countries to emerging markets. UOBAM's investment philosophy is to emphasise on securities selection using a bottom-up approach. UOBAM makes regular company visits and supplements its fundamental investment approach with quantitative tools to control risks and to aid in the portfolio construction process. UOBAM has also established itself as one of the leading players in structured credits and investment solutions, managing third party investments in global emerging market securities as well as global investment grade, non-investment grade and multi-sector credits.
In addition, UOBAM is committed to achieving consistently good performance. Since 1996, UOBAM has won 146 awards for investments in local, regional and global markets, and across global sectors such as Banking and Finance, Technology, Healthcare, as well as Gold and Mining.
As of 30 April 2014, UOBAM and its subsidiaries in the region have a staff strength of over 300 including 50 investment professionals in Singapore.
Who is Dimensional?
Click here to find out about Dimensional Fund Advisors.
What is the investment approach of this Fund?
The investment objective of the Fund is to achieve medium to long-term capital appreciation by the strategic allocation of the Fund's assets into various investments corresponding to market conditions. There is no target sector, industry or geographical area.
To meet the investment objective, the Fund may invest in any Authorised Investment (as defined in the prospectus). As at the date of the Prospectus, it is intended that the Fund will primarily invest in ETFs of various asset classes such as equities, fixed income, commodities and other underlying assets as may be selected by the Managers. The selection criteria for such ETFs include (without limitation):
- efficiency in tracking indices
- cost efficiency.
The Managers do not intend to invest in leveraged or inverse ETFs. In addition, the Managers may seek to gain exposure to various markets through investing in exchange-traded index futures. Index futures are a form of futures contracts whereby two parties agree to complete a transaction at a future date. In the case of an index futures contract, the value of the specified index serves as the underlying asset for the agreement. Once the contract expires, the holder of the contract will either pay or receive the difference between the opening price for the index and the actual index price at maturity. Investments into such exchange-traded index futures will be subject to the risk management procedures of the Managers.
The Managers generally aim to construct a diversified portfolio, with exposure mainly to the equity and fixed income markets. The asset allocation between equities, fixed income, cash and other asset classes (if any) will be actively managed by the Managers, who will constantly monitor and adjust the asset allocation in light of market conditions. The Managers may also seek to invest higher allocations into economic regions that in the Managers' view offer the best strategic or long-term returns.
Depending on its view of the global markets, the Managers may potentially move to a "maximum overweight" position where up to 100% of the assets of the Fund may be exposed to equities and/or higher risk assets (excluding any amounts held in cash or money market instruments), or a "maximum underweight" position where up to 100% of the assets of the Fund may be moved into cash, money market instruments or other money market funds. A "maximum underweight" position would occur in the event of extreme market conditions or severe market stress or disruptions, as determined by the Managers at their sole discretion.
The Managers have the discretion to determine the asset allocation of the Fund between the "maximum overweight" and "maximum underweight" positions at all times.
The Fund may invest in financial derivative instruments for the purposes of hedging, efficient portfolio management and/or to meet the investment objectives of the Fund.
Important: There is no guarantee that the Fund will meet its investment objective.
What does the Fund invest in (underlying assets)?
Currently, the Fund is structured such that the Fund will invest in exchange traded funds ("ETFs"), exchange-traded index futures and other Authorised Investments (as defined below) globally in accordance with the Fund's investment focus and approach in order to meet its objective.
In respect of the Fund's investments in ETFs, it is the Managers' current intention to invest primarily in ETFs domiciled in USA, Hong Kong, Singapore, Luxembourg, France and Ireland, and which are managed by managers domiciled primarily in USA, France, Ireland, Hong Kong, Luxembourg and Singapore.
Subject to such regulatory approvals as may be required, the Managers may, with a view to achieving the Fund's investment objective, from time to time at its sole discretion invest in ETFs which are domiciled or managed by managers domiciled in jurisdictions other than those stated above. The Managers may effect such changes without prior notice.
How can I invest in this Fund?
You can invest in this Fund in the following ways:
You can just invest into this Fund as a stand-alone fund.
Through our strategic portfolios
Most of our clients invest with us via our strategic portfolios. Each portfolio comprises different unit trusts in different geographical regions (e.g. Emerging Markets, US, China, India, etc.) or asset classes (e.g. bonds, commodities, etc.). The United G Strategic Fund is one of the core funds within our portfolio. Depending on the market outlook and the portfolio type, GYC will allocate different percentages of the portfolio into these funds, including the United G Strategic Fund. The allocations can change depending on market conditions. The advantage of investing in a portfolio is that you are invested into more than one unit trust and into a portfolio of funds that can more closely match your investment objective.
Are there any fees or penalties if I need to redeem my investment?
No, there are no additional fees or penalties should you decide to redeem your investment.
Can I transfer-in my unit trust holdings currently being held by another distributor to the Fund?
Yes, provided the unit trusts are also carried on our platform. Also note that there will be an administrative fee involved – please contact us for more details.
Can I use my CPF funds to invest in the Fund?
No, currently we can only accept cash to invest in the Fund.
What if I change my mind after buying the Fund?
You will be given up to 7 calendar days during which, should you change your mind about your investment, you can cancel the transaction. However, you may not get back 100% of your investment amount if the funds have already been invested and there were market losses. Conversely, should there be market gains, you will only receive up to 100% of your investment amount and no more (in which case you may want to consider selling your investment rather than cancelling your transaction). Any upfront charges collected will be refunded less the administrative fee of S$100.00 should you decide to cancel your transaction within the 7 days.
How can I check the status of my account?
You will receive quarterly statements via mail. If you buy the Fund from GYC, you can also get access to your account details using our online portal login access.
I am a US citizen or resident in the US. Can I invest in the Fund?
No, this fund is not registered under the United States Securities Act or under the securities laws of any state of the United States of America (US).