UOB bank
The United Greater China Fund (the “Fund”) aims to achieve long-term capital growth primarily through investing in companies with assets or revenues being in or derived from the People’s Republic of China, Hong Kong SAR and Taiwan (“Greater China”)*.
*Greater China is a geographical area that encompasses the People’s Republic of China, Hong Kong SAR and Taiwan.
Why invest in Greater China?
1) Leverage Greater China’s regional interdependency
By investing in Greater China, investors can also harness the growth of China’s most mutually dependent markets, Hong Kong and Taiwan.
While China remains the main growth engine, the interdependency in the region provides a wider range of mutually beneficial opportunities.
2) Ride the next wave of Greater China’s growth
Greater China’s real gross domestic product (GDP) is among the highest globally, and it is poised for a growth recovery. Meanwhile, the region’s low consumer price index (CPI) indicates low inflation, which provides room for monetary support.
Key engines propelling the next phase of Greater China’s growth are:
Here are the potential sectors benefitting from the economic dynamism within Greater China:
3) Greater China offers diversification and high returns at lower risk12
The Greater China market reduces concentration risk, provides investors with a diversified portfolio, and offers the potential of higher returns at a lower risk.13
Investors can also enjoy diversification benefits due to the region’s relatively low correlation with major broad market indexes and alternative asset classes. It can be used as a satellite component in a core-satellite portfolio.
Why invest in the United Greater China Fund?
1) Award-winning17
Received its first award by Refinitiv Lipper Fund Awards in the category of Best Fund over 3 Years Equity Greater China.
Received its first Outstanding Achiever award for the Greater China Equity category at the Benchmark Fund Awards.
Given a five-star rating by Morningstar.
Compared to its peers, the Fund gives higher than average returns at a lower than average risk.
2) Strong outperformance
Over the past 10 years, the Fund has outperformed its benchmark, peers and other related markets.18
Note: United Greater China Fund refers to United Greater China Fund Class A SGD Acc, Benchmark refers to MSCI Golden Dragon Index NR USD, China A refers to MSCI China A Index (USD), All China refers to MSCI China All Shares Index (USD), China H refers to MSCI China H Index (USD), Asia Pacific: MSCI AC Asia Pacific Index (USD), Asia Ex Japan: MSCI AC Asia Ex-Japan Index (USD), Emerging Markets: MSCI Emerging Markets Index (USD)
3) Powered by AI + Analyst
The United Greater China Fund applies UOBAM’s unique AI + Analyst process. The Fund was launched in 1997 but revised its approach in 2021 to incorporate insights generated by a unique AI model.
How our investment process creates value:
Data-driven and objective
The process has allowed the Fund to deliver significant outperformance from stock selection. Besides higher long-term returns, it has lower downside risk,19 providing strong downside protection in periods of volatility. 20
| Fund Name | United Greater China Fund |
| Investment Objective | Aims to achieve long-term capital growth primarily through investment in companies with assets or revenues being in or derived from the People’s Republic of China, Hong Kong SAR and Taiwan. |
| Fund Classes Available23 | Class A SGD Acc Class A SGD Acc (Ref. USD) |
| Subscription Mode | Cash – SGD and USD SRS – SGD |
| Minimum Subscription | S$1,000/US$1,000 (initial); S$500/US$500 (subsequent) |
| Subscription Fee | Currently up to 5%; maximum 5% |
| Management Fee | Currently 1.5% p.a.; maximum 1.5% p.a. |
| Dealing Frequency & Deadline24 | Generally every business day, on a forward pricing basis up till 3pm (Singapore time) |
1 Source: CNBC, These charts show why Hong Kong is important to China, 18 June 2020.
2 Source: Global Times, China set to remain world’s largest trading nation in goods in 2023 as stable foreign trade growth is ensured: official, 13 July 2023.
3 Source: The Economist, Taiwan’s dominance of the chip industry makes it more important, 6 March 2023.
4 Source: IMF, World Economic Outlook, July 2023.
5 Source: Bloomberg, 12 September 2023.
6 Source: McKinsey Global Institute Analysis, MGI Insights China Macro Model, November 2021. Note: Upper-middle income characterised by annual household income between RMB 160,000 and RMB 345,000.
7 Source: CSIS and Fortune Global 500, 2022.
8 Source: How China Beat Everyone to Be World Leader in Electric Vehicles, Bloomberg, 18 July 2023.
9 Source: China’s dominance of solar poses difficult choices for the west, Financial Times, 22 June 2023.
10 Source: World Intellectual Property Organisation (WIPO), Global Innovation Index 2022 – What is the future of innovation-driven growth?, September 2022.
11 Source: WIPO Statistics Database, February 2022.
12 Source: MSCI, UOBAM, as of 31 August 2023.
13 Source: Morningstar, as of 31 August 2023. Benchmark: MSCI Golden Dragon Index. 3Y Annualised Volatility – Fund 18.2%, Benchmark 21.8%.
14 ADR is the abbreviation for "American Depository Receipt". Note: Listed securities here are with at least US$1 billion market cap and US$1 million turnover per day.
15 Source: Morningstar, as of 31 August 2023. All returns are in USD. Greater China – MSCI Golden Dragon Index, All China– MSCI China All Shares Index, China A-shares – MSCI China A Index, China H-shares – MSCI China H Index.
16 Source: Bloomberg, as of 18 July 2023. Note: A perfect positive correlation means that the correlation coefficient is exactly 1. This implies that as one security moves, either up or down, the other 6ecurity moves in lockstep, in the same direction. A perfect negative correlation means that two assets move in opposite directions, while a zero correlation implies no linear relationship at all.
17 Please refer to uobam.com.sg/awards for the latest list of UOBAM awards.
18 Source: Morningstar, 10-year performance as of 31 August 2023, SGD basis. Returns for United Greater China Fund are annualised and exclude charges.
19 Source: Morningstar, as of 31 August 2023. Peer category: Greater China Equity in SGD.
20 Source: Morningstar, as of 31 August 2023.
21 Source: UOBAM, as of 30 June 2023. 5 years performance attribution in SGD. Benchmark is MSCI Golden Dragon Index.
22 Source: Morningstar, as of 31 August 2023.
23 Investors should refer to the Fund’s prospectus for more details on the different classes available. Please check with our distributor(s) on the availability of the Fund classes.
24 Please check with the distributor(s) or refer to the Fund’s prospectus for more details.
MSCI Data are exclusive property of MSCI. MSCI Data are provided “as is”, MSCI bears no liability for or in connection with MSCI Data. Please see complete MSCI disclaimer here.
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 inves tment 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, and is likely to have high volatility due to the investment policies and/or portfolio management techniques employed by the Fund. 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.
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