Managed by the award-winning fixed income Singapore team behind our flagship United SGD Fund, the United SGD Money Market Fund (the “Fund”) invests in liquid and high-quality, short-term debt securities and money market instruments. It aims to provide a return which is comparable to that of Singapore dollar short-term deposits and could be your solution to make your cash go further while you save up for an important purchase or while your business is waiting for a suitable investment.
What is a money market fund?
Money market funds are popular cash management tools. They are an alternative to short-term deposits that provides capital preservation and is redeemable when you have a need.
Key features of United SGD Money Market Fund
Environmental, Social and Governance (ESG) Enhanced
Investors are looking to see how they can do their part for the environment, while generating investment returns. The Fund adopts UOB Asset Management’s (UOBAM) sustainable investment framework.
UOBAM has defined a list of metrics for monitoring the ESG performance of portfolio companies and this is incorporated into our ESG evaluation process. Below is an overview of how ESG is incorporated into the investment process.
Composition of United SGD Money Market Fund
Source: UOBAM, as at 31 March 2022
Consistent performance since inception
The Fund has a proven track record since its inception in June 2018, with positive quarterly returns and an average return of 1.16% per annum (as of 31 March 2022).
Source: Morningstar, as at 31 March 2022. Performance is is net of fees and is based on oldest share class, United SGD Money Market Fund - Class Z SGD portfolio in SGD basis, on a Net Asset Value (NAV) basis, with dividends and distributions reinvested, if any.
*Note: For the period from inception date on 7 June 2018 to 31 December 2018. Source: Morningstar, as at 31 March 2022. Performance is net of fees and is based on oldest share class, United SGD Money Market Fund - Class Z SGD portfolio in SGD basis, on a Net Asset Value (NAV) basis, with dividends and distributions reinvested, if any.
UOBAM is one of the most awarded fund managers in Singapore with over 2133 awards garnered since 1986. In 2021, UOBAM has clinched the top title of ‘Best Asset Management House (Singapore)’ from Asia Asset Management and was conferred ‘Asia Fund House of the Year’ from AsianInvestor Asset Management Awards for the 3rd consecutive year.
The Fund is managed by the award-winning team behind UOBAM’s flagship United SGD Fund that has clinched over 20 awards3. The portfolio manager, Joyce Tan, Head of Fixed Income Asia/Singapore at UOBAM has over 24 years of investment experience, and has received 15 individual awards including ‘Manager of the Year for Asia Fixed Income’ at the 2021 BENCHMARK Fund of the Year Awards.
1A high-quality bond or money market instrument is one with either a minimum short-term rating of F-2 by Fitch, P-2 by Moody’s or A-2 by Standard and Poor’s, or where it only has a long-term rating, such as rating of A by Fitch, A by Moody’s or A by Standard and Poor’s.
2Calculated based on the last available Interest Rate Data from Monetary Authority of Singapore (MAS), as at June 2021. Please note that benchmark performance from July 2021 to December 2021 was calculated without taking into account any applicable deposit rate, as no Interest Rate Data was available. Benchmark will be changed to 3M Compounded SORA with effect from 8 April 2022. Please refer to https://www.uobam.com.sg/web-resources/uobam/pdf/uobam/common/benchmark-updates-notice-08-mar-2022.pdf for more information.
3Past performance is not necessarily indicative of future performance. You may refer to our website www.uobam.com.sg/about-us/awards.page for the full list of awards.
4Investors should refer to the Fund’s prospectus for more details on the different classes available.
5Please check with the distributor or refer to the Fund’s prospectus for more details.
6Investors should note that the intention of UOBAM to make the distribution is not guaranteed. If distributions are made, such distributions are not in any way a forecast, indication or projection of the future or likely performance of the Fund. 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 on the distributions by the Fund.
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.
This advertisement has not been reviewed by the Monetary Authority of Singapore.