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
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…