The fund, which is designed to invest in a portfolio of bonds with a weighted average yield-to-maturity of up to 4.95% in order to achieve a semi-annual coupon distribution of 3.5%, is the first fixed maturity plan for Tiger Brokers (Singapore). The collaboration between both parties is also the first.
Tiger Brokers (Singapore), on Nov 3, launched its first fixed maturity plan in Singapore. The United Fixed Maturity Bond Fund 1 is a three-year investment-grade bond fund that will be managed by UOB Asset Management (UOBAM). The fund is also exclusively available on the Tiger Trade App.
With a primary focus on investments in Asia, the fund adopts a buy-and-hold strategy and will invest in short duration bonds with different tenures that closely match the tenure of the fund. Price stability is maintained by the fund’s focus on short duration with a primary investment strategy of holding the bonds to maturity to minimise mark-to-market risks.
