UOB has recorded a three-fold jump in assets managed using its discretionary portfolio management techniques in 2017 that helped it raise its total assets under management to S$104 billion. This technique has offered returns ranging between 10% and 30% till date to UOB clients.
BankBazaar Singapore – February 22, 2018
Singapore: In a press release, UOB has informed stakeholders about the three-fold rise it has seen in assets managed by its discretionary portfolio management (DPM) techniques for the whole of 2017, y-o-y.
This has helped the bank push up the total assets held under its management to S$104 billion. DPM solutions, which the bank has been offering since 2016, has recorded returns ranging between 10% and 30% till date.
Asian Private Banker, an Asia-based data mining and research company, has noted that DPM has grown at a rate of 9% y-o-y in 2016 for the whole industry in Asia.
DPM solutions are designed in a manner so that advisers can execute trading actions based on a set of agreed-upon strategies and criteria, rather than waiting for a client to review and approve every single trading call.
This saves time and is ideal for clients who may be too busy to track market movements on a real-time basis, or who may not be technically equipped to participate in the granular decision-making process that is needed to make an investment call.
UOB DPM strategies have worked in the past as the private banker tries to reduce drawdown risks that portfolios under its management may face from time to time due to volatilities, by using hedging techniques and tools.
UOB currently offers five standard DPM solutions that match different risk profiles that it handles. It also customises portfolios for its clients to address specific concerns or requirements.
Portfolio managers working for UOB often change asset allocations real-time to reflect changing market conditions. By mirroring the prevailing market environment, UOB fund managers reduce exposure to variables in a dynamic market.
The bank continues to be hopeful that assets under DPM will continue to offer steady returns and help clients navigate the tricky market situations better.