United Asian High Yield Bond FundUnited Asian High Yield Bond Fund

United Asian High Yield Bond Fund

Soar to higher yields with Asia bonds

About United Asian High Yield Bond Fund

 

The United Asian High Yield Bond Fund (the “Fund”) seeks to achieve a total return consisting of high income and capital appreciation by investing primarily in high yield fixed income or debt securities (including money market instruments) issued by Asian corporations, financial institutions, governments and their agencies.

Key features

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Highly Experienced

One of the first funds to invest in the Asian high yield bond sector, with a long track record of over 10 years¹

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Attractive income

Offers a potential regular monthly income of 7% per annum2

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Outperformance

Outperformed most peers over the last 3-year and 5-years and 10-years periods²

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Top in class

Holds a top 10% ranking based on its performance over the past 3-years, 5-years and 10-years periods2

What are Asian high yield bonds?

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Offers higher income than investment-grade bonds

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Have lower credit ratings; i.e. rated below BBB- or Baa3*

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Issued by governments or corporations in local currency or US dollar from Asian countries such as Hong Kong, China Singapore, and India

*BBB- for Standard & Poor’s and Fitch, and Baa3 for Moody’s

Why Invest

 

Asia has shown resilience despite global challenges

 

Asia continues to show economic resilience with healthy real gross domestic product (GDP) levels net of inflation compared to the rest of the world. High yield bonds are expected to benefit from Asia’s consumption-led recovery.

GDP growth rate by region GDP growth rate by region

Source: Bloomberg, June 2026

 

Asian high-yield bonds offer further capital-gain potential

 

The spread (i.e. yield differential) of Asian high yield vs investment grade bonds is also likely to compress further given limited supply. This signifies higher bond prices, thereby increasing investors’ capital gains.

Yield differential of Asian high yield vs Asian investment grade Yield differential of Asian high yield vs Asian investment grade

Source: Bloomberg, as of 30 June 2026

 

Lower volatility versus peers

 

The Fund is focused on generating returns at or below a commensurate risk level. As a result, it has a lower or similar volatility compared to its peers over the years.

Lower volatility versus peers Lower volatility versus peers

Source: Morningstar, as of 30 June 2026 | Refers to United Asian High Yield Bond Fund - Class SGD Dist | Peers category (Morningstar): Asia High Yield Bond

 

Improving outlook for Asian High Yield

 

Across the market, Asian high yield default rates have also trended down dramatically since 2022

Asia high yield bonds default rate Asia high yield bonds default rate

Source: Moody’s, S&P and Fitch Ratings. As at May 31, 2026

Attractive income

 

The Fund aims to offer investors a potential attractive regular monthly income of up to 7% per annum*.

*Distributions are not guaranteed. Distributions may be made out of income, capital gains and/or capital. This relates to the disclosed distribution policy as set out in the Fund's prospectus.

 

Strong outperformance versus peers

 

The Fund has delivered returns above its industry peers

Gross Return Gross Return

Source: Morningstar, as of 30 June 2026. | Refers to United Asian High Yield Bond Fund - Class SGD Dist | Fund performance is calculated on a NAV to NAV basis. Performance as at 30 June 2026. SGD basis, with dividends and distributions reinvested, if any. Past performance is not necessarily indicative of future performance. | Peers category (Morningstar): Asia High Yield Bond | Benchmark: J.P. Morgan Asia Credit Index (JACI) Non-Investment Grade Total Return Index.

 

No default since inception

 

The Fund has a track record of no default and restructuring since portfolio inception.

inception inception

The Fund benefited from its exposure to CEMBI Broad Asia HY, which underperformed LATAM HY but outperformed other regions.

Volatility Volatility

Source: J.P.Morgan as of 12 June 2026

 

Bottom-up driven with active risk-return positioning

 

The Fund is based on a bottom-up bond selection process that leverages UOBAM's network of on-the-ground analysts and deep fundamental research, supported by a disciplined top-down strategy. It is managed flexibly with a focus on risk management rather than hugging the index.

The Fund's strong credit analysis and regular portfolio reviews also allow for switching to undervalued securities and helps limit unsystematic risks. For example, in 2023, the Fund adopted a strong underweight position in the China high yield property sector, enabling it to outperform its peers.

Award-winning and highly rated3

Benchmark

Received the Outstanding Achiever award for the Singapore Fixed Income category at the Benchmark Fund of the Year 2023 awards.

Morningstar

Given a five-star rating by Morningstar in the category of Asia High Yield Bond as of 30 June 20264.

More Information


More Information More Information

 

Source: Morningstar, as of 30 June 2026


Fund Name United Asian High Yield Bond Fund
Investment Objective To achieve a total return consisting of high income and capital appreciation by investing primarily in high yield fixed income or debt securities (including money market instruments) issued by Asian corporations, financial institutions, governments and their agencies.
Fund Classes Available5 Class A SGD Acc (Hedged), Class A SGD Dist (Hedged);
Class SGD Acc, Class SGD Dist;
Class USD Acc, Class USD Dist
Subscription Mode5 Class SGD: Cash and SRS
Class USD: Cash
Minimum Subscription5 S$1,000/US$1,000 (initial);
S$500/US$500 (subsequent)
Subscription Fee5 Currently up to 3%; maximum 5%
Management Fee5 Currently up to 1.25% p.a.; maximum 2% p.a.
Fund Classification for Retail Investors Units of the Fund are Excluded Investment Products (EIP).
Dealing Frequency & Deadline5 Generally every business day, on a forward pricing basis up till 3pm (Singapore time).
Distribution Policy (for Dist classes)6 The Fund aims to make regular monthly distributions of up to 7% p.a.*

*Distributions are not guaranteed. Distributions may be made out of income, capital gains and/or capital. This relates to the disclosed distribution policy as set out in the Fund’s prospectus.

1 Refers to United Asian High Yield Bond Fund Class SGD Dist that was incepted in April 2013.
2 Morningstar, as of 30 June 2026. Distributions are not guaranteed. Distributions may be made out of income, capital gains and/or capital. This relates to the disclosed distribution policy as set out in the Fund’s prospectus.
3 Please refer to uobam.com.sg/awards for the latest list of UOBAM awards.
4 Morningstar, as of 30 June 2026, for Class SGD Dist.
5 Please refer to the Fund’s prospectus for more details or check with our distributor(s).
6 Distributions are not guaranteed. Distributions may be made out of income, capital gains and/or capital. This relates to the disclosed distribution policy as set out in the Fund’s prospectus.

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This document is for general information only. It does not constitute an offer or solicitation to deal in units in the Fund (“Units”) or investment advice or recommendation and was prepared without regard to the specific objectives, financial situation or needs of any particular person who may receive it. The information is based on certain assumptions, information and conditions available as at the date of this document and may be subject to change at any time without notice. No representation or promise as to the performance of the Fund or the return on your investment is made. Past performance of the Fund or UOB Asset Management Ltd (“UOBAM”) and any past performance, prediction, projection or forecast of the economic trends or securities market are not necessarily indicative of the future or likely performance of the Fund or UOBAM. The value of Units and the income from them, if any, may fall as well as rise. Investments in Units involve risks, including the possible loss of the principal amount invested, and are not obligations of, deposits in, or guaranteed or insured by United Overseas Bank Limited (“UOB”), UOBAM, or any of their subsidiary, associate or affiliate (“UOB Group”) or distributors of the Fund. The Fund may use or invest in financial derivative instruments and you should be aware of the risks associated with investments in financial derivative instruments which are described in the Fund’s prospectus. The UOB Group may have interests in the Units and may also perform or seek to perform brokering and other investment or securities-related services for the Fund. Investors should read the Fund’s prospectus, which is available and may be obtained from UOBAM or any of its appointed agents or distributors, before investing. You may wish to seek advice from a financial adviser before making a commitment to invest in any Units, and in the event that you choose not to do so, you should consider carefully whether the Fund is suitable for you. Applications for Units must be made on the application forms accompanying the Fund’s prospectus.

Distributions will be made in respect of the Distribution Classes of the Fund. Distributions are based on the NAV per unit of the relevant Distribution Class as at the last business day of the calendar month or quarter. The making of distributions is at the absolute discretion of UOBAM and that distributions are not guaranteed. The making of any distribution shall not be taken to imply that further distributions will be made. UOBAM reserves the right to vary the frequency and/or amount of distributions. Distributions from a fund may be made out of income and/or capital gains and (if income and/or capital gains are insufficient) out of capital. Investors should also note that the declaration and/or payment of distributions (whether out of income, capital gains, capital or otherwise) may have the effect of lowering the net asset value (NAV) of the relevant fund. Moreover, distributions out of capital may amount to a reduction of part of your original investment and may result in reduced future returns. Please refer to the Fund's prospectus for more information.

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