United ASEAN Fund SGD

The investment objective of the Fund is to achieve medium to long term capital growth through investing primarily in equity and equity-related securities of companies which are incorporated in, listed in, or derive a significant proportion of their revenue or profits from or have a significant proportion of their assets in, the Association of Southeast Asian Nations (ASEAN).

iFAST Research Team
iFAST Research Team09 Sep 2026 12 Views
United ASEAN Fund SGD
2026

  • The fund manager seeks to achieve medium to long term capital growth through investing primarily in equity and equity-related securities in the ASEAN region.
  • The fund is style agnostic and sector neutral. Its stock selection is primarily driven by bottom-up fundamental research, with stock screening requiring a minimum market cap of USD 500 million and daily trading liquidity of USD 1 million.
  • The fund is actively managed with reference to the MSCI ASEAN benchmark, which serves as a performance target rather than a constraint on portfolio construction. Portfolio allocation is systematic, with AI-optimised weights subject to risk controls on active country, sector and security risk.
  • The fund's portfolio is diversified across ASEAN markets. As of 31 March 2026, its largest sectoral exposure was in Financials, followed by Industrials and Real Estate. Geographically, the fund was most heavily weighted towards Singapore, with substantial allocations to Malaysia and Thailand.
  • The manager remains constructive on ASEAN's long-term growth prospects, underpinned by rising middle-class consumption, increasing foreign direct investment (FDI), digitalisation, technology adoption and ongoing global supply chain diversification.

Fund Investment Style

Source: Bloomberg Finance L.P., iFAST Compilations
Monthly total returns including gross dividends in SGD terms as of 31 Mar 2026

Recommended fund

3-year annualised return

3-year maximum drawdown

3-year downside deviation

3-year Sortino ratio

United ASEAN Fund SGD

5.4%

-13.6%

6.2%

0.47

Peer Average

4.2%

-19.3%

6.5%

0.19

Source: Bloomberg Finance L.P., iFAST Compilations
Monthly total returns including gross dividends in SGD terms as of 31 Mar 2026

About the Fund Managers

The fund is managed by Low Soo Fang, who has managed the fund since 1 April 2023, supported by a team of 6 investment professionals engaged in active coverage of Asian equities, based in Singapore. The Fund's investment objective is to achieve medium to long term capital growth through investing primarily in equity and equity-related securities of companies incorporated in, listed in, or with significant revenue, profit or asset exposure to ASEAN member states. Investment ideas are generated through a combination of quantitative and fundamental analysis, using an AI model to screen stocks, complemented by analysts' fundamental views and high-conviction recommendations, with portfolio allocation systematically optimised to satisfy risk controls and constraints.

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