UOB Asset Management (UOBAM) has launched its United SGD Plus fund, which is domiciled and available to accredited and retail investors in Singapore.

The fund is run by Joyce Tan, the bank’s Singapore-based senior director and head of fixed income.

It seeks to maximise long-term returns through capital appreciation and income for investors by investing primarily in fixed income or debt securities in Asia.

In terms of the fund allocation, Asian investment-grade bonds account for 70-80% of the fund while high-yield bonds contribute to the remaining 20-30%.

The strategy is said to provide investors potentially better risk-adjusted returns than other asset classes; diversification from global equity, balanced and fixed income solutions; and conservative allocation to Asia.

As at June 30, UOBAM managed more than SGD 6.1 billion ($4.5 billion) of fixed income assets in Asia