UOB Asset Management (UOBAM) has unveiled its third-quarter 2026 investment strategy, emphasising the global economy’s resilience despite ongoing challenges such as inflation, tariffs, geopolitical tensions, and energy market volatility. The strategy highlights robust corporate earnings and resilient labour markets, with continued investment in artificial intelligence (AI) infrastructure driving growth.
UOBAM’s analysis suggests that the US Federal Reserve is likely to maintain its current interest rate pause, given moderating inflation pressures, particularly in housing and wages. The firm has upgraded its outlook on Onshore China to overweight, citing strong earnings momentum and attractive valuations in Asia. Anthony Raza, Head of UOBAM Multi-Asset Strategy, noted, “The global economy has repeatedly withstood shocks without derailing growth.”
The strategy remains overweight on equities, favouring the US and Asia, and maintains a positive outlook on gold due to its role as a safe-haven asset. UOBAM continues to see opportunities in sectors linked to AI, semiconductors, energy infrastructure, and advanced manufacturing in China. The firm manages 63 unit trusts in Singapore and oversees $443b in client assets as of 30 June 2026.
UOBAM, a subsidiary of United Overseas Bank Limited, has been recognised for its digital innovation and sustainable investing, receiving numerous awards across Asia. The firm’s strategic alliances and presence in multiple Asian countries bolster its investment capabilities.
