UOBAM marks surge in online coporate investing

Clients' AUM on the online portal also surpassed S$1b (US$740m).

UOB Asset Management (UOBAM) is seeing a surge in online corporate investing, with the number of users in Singapore, Malaysia, and Thailand on its digital investment portal for corporate investors surging 330% over the last 18 months. 

Their total assets under management (AUM) on the online portal also surpassed S$1b (US$740m).

UOBAM Invest’s Digital Adviser, which is the first robo-advisory service dedicated to corporate investors in Singapore and Malaysia, features an algorithm-based portfolio planner that enables users to invest in customised portfolios of UOBAM’s funds and global exchange-traded funds (ETFs). 

Corporate investors can also choose the Fund Direct service to build and manage their own portfolio of funds.

Corporate investors’ interest in and demand for online investing continue to rise given the restrictions in face-to-face interactions amidst the pandemic, with the number of transactions made on the UOBAM Invest online portal this year to date is already more than 60% of the total in the whole of 2020, the platform said.

Against the backdrop of a low interest rate environment, UOBAM has also seen strong demand from corporate investors for bond funds that offer stable returns. In particular, UOBAM’s flagship United SGD Fund, which focuses on global short-term, high quality investment-grade bonds, had AUM of more than S$200m (US$148m) on UOBAM Invest as of 30 June.

UOBAM has also made available more environment, social and governance-focused funds on UOBAM Invest, including the United Sustainable Credit Income Fund and United Sustainable Asia Top 50 Fund.