UOB AM Goes For Tech Growth
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Singapore’s UOB Asset Management has partnered with a prominent U.S fund manager to tap into the current enthusiasm around all things tech.
UOB Asset Management (UOBAM) has partnered US-based T. Rowe Price International Ltd. (T. Rowe Price) to offer retail investors in Singapore the opportunity to tap the long-term growth prospects arising from technology and innovation.
Under the partnership, UOBAM will invest in T. Rowe Price’s Global Technology Equity Strategy (the Strategy) through the United Global Technology Fund. This is the first time retail investors in Singapore would be able to invest in T. Rowe Price’s highly-rated technology portfolio.
Exponential Growth
In the ten years between February 2007 and February 2017, the Strategy has seen annualised returns of 15.39 per cent versus the benchmark MSCI All Country World Index Information Technology’s 9.08 per cent over the same period.
«The role of technology has grown exponentially over the past decades to become an essential part of global economies and industries. I am pleased to bring on board T. Rowe Price, an accomplished partner with extensive experience in investing in the technology sector,» said Thio Boon Kiat, CEO, UOBAM.
T. Rowe Price has been managing dedicated technology portfolios since 2000. As at 31 December 2016, the Strategy has $5.6 billion of assets under management.
Questions & Answers
Q.Which specific fund will Singaporean retail investors use to access the technology strategy?
Which specific fund will Singaporean retail investors use to access the technology strategy?
UOB Asset Management will invest in T. Rowe Price’s Global Technology Equity Strategy through the United Global Technology Fund. This fund gives retail investors access to the highly-rated technology portfolio.
Q.What kind of returns has the Global Technology Equity Strategy delivered historically?
What kind of returns has the Global Technology Equity Strategy delivered historically?
Between February 2007 and February 2017, the Strategy achieved annualised returns of 15.39 per cent. This significantly outperformed its benchmark, the MSCI All Country World Index Information Technology, over the same period.
Q.How long has T. Rowe Price been managing dedicated technology investment portfolios?
How long has T. Rowe Price been managing dedicated technology investment portfolios?
T. Rowe Price has been managing dedicated technology portfolios for a considerable period. They have been active in this specific investment area since the year 2000, demonstrating long-standing expertise.