UOBAM launches S-Reit income fund for Taiwan retail investors, Companies & Markets

UOBAM launches S-Reit income fund for Taiwan retail investors, Companies & Markets

Tue, Jun 30, 2020 - 12:46 PM UOB Asset Management (Taiwan), or UOBAM (Taiwan), on Tuesday launched a Singapore real estate investment trust (S-R

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Tue, Jun 30, 2020 – 12:46 PM

UOB Asset Management (Taiwan), or UOBAM (Taiwan), on Tuesday launched a Singapore real estate investment trust (S-Reit) income fund targeted at Taiwan retail investors.

Known as the United S-Reit Income Fund, it is the first S-Reit fund in Taiwan, the asset manager said in a media statement.

More than 60 per cent of the fund’s portfolio will be allocated to S-Reits while the rest will be invested in global Reits.

In terms of dividends, the fund aims to provide a monthly payout, said chief executive officer of UOBAM (Taiwan) William Wang.

The fund has a risk rating of RR4, which indicates moderate to high-risk yield-driven investments in developed markets’ assets that may be susceptible to significant market movements, UOBAM said.

Its initial offering period will close on July 24.

Singapore-headquartered UOBAM is the adviser for the fund.

Mr Wang said S-Reits are attractive investments as they possess “strong fundamentals including reputable sponsors, sound balance sheets and low debt levels”.

“While their recent price performance was…



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