UOBAM (Malaysia) chief executive officer Lim Suet Ling
KUALA LUMPUR: UOB Asset Management (Malaysia) Bhd (UOBAM (Malaysia)) has launched the United Global Premium Opportunity Fund (UGPROF), Malaysia’s first global equity wholesale feeder fund that blends high-quality dividend stocks with a single-stock covered call overwriting strategy.
In a statement, UOBAM (Malaysia) said the single-stock covered call overwriting strategy aims to enhance income by selling call options on stocks it already owns, allowing the fund to earn option premiums while maintaining exposure to high-quality companies.
UOBAM (Malaysia) chief executive officer Lim Suet Ling said global diversification has become increasingly vital as investors navigate rising concentration risks, macroeconomic uncertainty, inflationary pressures, and trade tensions such as US tariffs.
“Pairing this with an income and growth strategy helps investors capture opportunities and generate returns.
“UGPROF offers exposure across major markets including the US, Europe, and Asia, leveraging tech innovation, value sectors, and regional recovery while balancing income generation with long-term growth potential,” she said.
The UGPROF primarily invests in the Fidelity Funds – Global Dividend Plus Fund (Target Fund) managed by Fidelity International, allocating at least 90% of its net asset value (NAV) to the Target Fund and the remainder to liquid assets such as money market instruments and deposits.
The target fund uses a bottom-up approach, investing in fundamentally strong, resilient companies with consistent dividend growth, mainly across consumer staples, healthcare, financials, and industrials.
The fund’s base currency is the US dollar (USD) and it is offered in five classes: USD Dist, Ringgit Dist, Ringgit Hedged Dist, Singapore Dollar (SGD) Hedged Dist, and Australian Dollar (AUD) Hedged Dist.
The minimum investment is set at US$1,000 for the USD Dist class, RM1,000 for the Ringgit Dist and Ringgit Hedged Dist classes, S$1,000 for the SGD Hedged Dist class, and A$1,000 for the AUD Hedged Dist class.
