UOB Asset Management launches its first retail multi-asset fund to help investors seize opportunities from changing market trends Singapore, 2 July 2014 - UOB Asset Management Ltd (UOBAM), an award-winning fund manager in Singapore, has launched its first multi-asset fund, the United Global Asset Rotator, for retail investors to tap on investment opportunities arising from changing market trends. Trading of the fund started on

1 July 2014.
The fund invests in a diversified portfolio of exchange-traded funds (ETFs) selected from a wide range of asset classes such as equities, fixed income, cash, commodities, foreign exchange and money market instruments across different geographies and sectors.
Mr Chong Jiun Yeh, Chief Investment Officer of Fixed Income and Structured Investments, UOBAM, said that the United Global Asset Rotator adopts a flexible asset-allocation approach that allows for funds to be moved among different asset classes quickly. This would mitigate the risk of losses incurred from volatile market conditions.
"Lessons from the past few years have shown that keeping to a static asset allocation strategy is not an ideal way of managing an investment portfolio. Typically, other funds are reviewed periodically. However we monitor market movements and trends and from there adjust our asset allocation of the United Global Asset Rotator accordingly on an ongoing basis. This allows us to help retail investors to seize the right market opportunities at the right time."
For example, after the US Federal Reserve signalled its intention to taper its quantitative easing (QE) in May 2013, funds flowed out of fixed income in the second half of the year into equities. This resulted in an overall drop of 14 per cent in fixed income flows in 2013, while equities received 58 per cent of total funds flows for the year1. In this scenario, the United Global Asset Rotator would have changed its strategy from fixed income ETFs to equity ETFs.

1 2013 Global Flows Report, Morning Star Global Fund Research, March 2014.

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Illustration of asset allocation to tap on the fund-flow trend in 20132


In the second quarter of 2014, the US treasury interest rates tightened due to unexpected weak growth in the country. In this example, the United Global Asset Rotator would have reduced its investments in equity ETFs and allocated them to fixed income ETFs to capitalise on that market movement.
Retail investors can invest in the United Global Asset Rotator with a minimum of $1,000.

Outlook on equities and fixed income for the second half of 2014

For the second half of 2014, UOBAM is positive on global equities in light of improving growth in the developed markets and healthy outlook for corporate earnings.
Mr Anthony Raza, Head of Multi-Asset Strategy, UOBAM, said, "While equities are likely to ride on accelerating economic growth in the developed markets, we believe the anticipation of rising long-term interest rates will continue to impact the appeal of fixed income."
- Ends -

2 Please note that the table is for illustration purposes only and is not an indication of the future or likely performance of the

United Global Asset Rotator or UOBAM.

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About UOB Asset Management Ltd

UOB Asset Management Ltd (UOBAM) is a wholly-owned subsidiary of United Overseas Bank Limited. Established in 1986, UOBAM has been managing collective investment schemes and discretionary funds in Singapore for 28 years and as of

31 March 2014 manages about S$14.2 billion in clients' assets out of Singapore. UOBAM manages 52 unit trusts in Singapore and is one of the largest unit trust managers in Singapore in terms of assets under management.

UOBAM has an extensive presence in Asia with regional business and investment offices in Malaysia, Thailand, Brunei, Taiwan and Japan. We have two joint ventures: Ping An-UOB Fund Management Company (China) and UOB-SM Asset Management Pte Ltd (Singapore). In addition, we forged a strategic alliance with UTI International (India).

Through our network, we offer a comprehensive suite of products to our client base of individuals, institutions and corporations. These products include but are not limited to retail unit trusts, exchange-traded funds and customised portfolio management services. We constantly strive to provide our clients with innovative investment solutions to meet their investment objectives.

For media queries, please contact:

Kelyn Tan, Group Brand Performance and Corporate Communications

Email: Kelyn.TanSW@UOBGroup.com, Tel: +65 6539 3967 / +65 9796 7748

This document is for general information only. It does not constitute an offer or solicitation to deal in units in the Fund ("Units") or investment advice or recommendation and was prepared without regard to the specific objectives, financial situation or needs of any particular person who may receive it. The information is based on certain assumptions, information and conditions available as at the date of this document and may be subject to change at any time without notice. No representation or promise as to the performance of the Fund or the return on your investment is made. Past performance of the Fund or UOB Asset Management and any past performance, prediction, projection or forecast of the economic trends or securities market are not necessarily indicative of the future or likely performance of the Fund or UOB Asset Management. The value of Units and the income from them, if any, may fall as well as rise. Investments in Units involve risks, including the possible loss of the principal amount invested, and are not obligations of, deposits in, or guaranteed or insured by United Overseas Bank Limited, UOB Asset Management, or any of their subsidiary, associate or affiliate ("UOB Group") or distributors of the Fund. The Fund may use or invest in financial derivative instruments and you should be aware of the risks associated with investments in financial derivative instruments which are described in the Fund's prospectus. The UOB Group may have interests in the Units and may also perform or seek to perform brokering and other investment or securities-related services for the Fund. Investors should read the Fund's prospectus, which is available and may be obtained from UOB Asset Management or any of its appointed agents or distributors, before investing. You may wish to seek advice from a financial adviser before making a commitment to invest in any Units, and in the event that you choose not to do so, you should consider carefully whether the Fund is suitable for you. Applications for Units must be made on the application forms accompanying the Fund's prospectus.

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