UOB Asset Management (Malaysia) Berhad has introduced the United Global Premium Opportunity Fund (UGPROF), marking Malaysia’s first global equity wholesale feeder fund. This fund combines high-quality dividend stocks with a single-stock covered call overwriting strategy, aiming to enhance income through selling call options on owned stocks whilst maintaining exposure to robust companies.
The UGPROF is designed for investors willing to navigate the volatility and risks associated with global equities. Lim Suet Ling, CEO of UOBAM (Malaysia), highlighted the fund’s relevance amidst rising concentration risks, macroeconomic uncertainties, and trade tensions. “Global diversification has never been more critical,” she stated, emphasising the fund’s strategy to capture opportunities and generate returns.
The fund invests primarily in the Fidelity Funds – Global Dividend Plus Fund, managed by Fidelity International, with at least 90% of its net asset value directed towards this target fund. The remaining balance is allocated to liquid assets, including money market instruments and deposits. The target fund employs a bottom-up investment approach, focusing on companies with strong fundamentals and prioritising consistent dividend growers.
Available in five currency classes, the fund’s base currency is the US Dollar. The minimum investment varies by class, starting at $1,000 for the USD Dist class. Investors are encouraged to review the fund’s Product Highlights Sheet and Information Memorandum dated 11 November 2025 before investing. The fund is now open for subscription through selected distributors.
