KUALA LUMPUR (Oct 6): UOB Asset Management (Malaysia) Bhd sees potential of higher stock market returns in the next 12 to 18 months, as consumer sentiments improve. Consumer sentiment has been badly hit, but now it has started to pick up,” Eng told a press conference, after the launch of the United Global Quality Equity Fund this morning. “The fund size of the asset management firm is currently about RM6.5 billion. The United Global Quality Equity Fund is sub-managed by Wellington Management Singapore Pte Ltd and will invest a minimum of 90% of its net asset value in the United Global Quality Growth Fund (Target Fund) managed by UOB Asset Management Ltd in Singapore. The fund is benchmarked against the Morgan Stanley Capital International All Country World Index (MSCI ACWI), which is representative of the global equity market.

Source: The Edge Markets October 06, 2016 07:07 UTC