UOB Asset Management (UOBAM) has launched UOBAM Gold+, a new managed portfolio solution designed for Singapore investors seeking to diversify their portfolios with gold. The strategy combines an equal allocation of SPDR Gold MiniShares Trust ETF and United Gold & General Fund, along with a 2% cash buffer, to provide a balanced and cost-efficient exposure to both physical gold and diversified mining equities.
The UOBAM Gold+ portfolio is structured to offer stability through physical gold and growth potential via top-tier mining companies. Rachel Ong, Chief Marketing Officer of UOBAM, highlighted the portfolio’s dual benefits, stating, “The UOBAM Gold+ is designed to offer the best of both worlds for investors who are looking for portfolio diversification.” This strategy comes at a time when gold prices are reaching all-time highs, driven by inflation risks, shifting interest rates, and geopolitical uncertainties.
Available exclusively on the UOBAM Invest app, the portfolio requires a low minimum investment of just $1, making it accessible to a wide range of investors. Additionally, there are no advisory or platform charges, enhancing its appeal. The SPDR Gold MiniShares Trust ETF is noted for its competitive expense ratio, whilst the United Gold & General Fund boasts over 30 years of performance in investing in global mining companies. This launch underscores gold’s role as a liquid safe-haven asset and a strategic diversifier in long-term investment portfolios.
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