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Singapore, 1 November 2000 - From Monday, 6 November 2000, UOB Asset Management (UOBAM) will offer investors a new unit trust that guarantees their capital while offering potentially higher returns than the interest rates payable on their savings and CPF Ordinary accounts.

Called the United Capital Guaranteed Funds - Series I, it is the first CPF-approved, Singapore dollar denominated fund on the market to guarantee investors their capital (less subscription fees), after its three-year maturity period due on 31 October 2003. At maturity, investors will be able to redeem their investments at the prevailing market price or at S$1.00 per unit, whichever is higher. The United Capital Guaranteed Funds - Series I is the first in a series of United Capital Guaranteed Funds to be launched, each with an investment period of three years.

To achieve significant returns as well as to provide a capital guarantee, the Fund will invest a substantial amount of its assets in high quality global fixed income securities and the remaining in global equities. Fixed income securities in the form of sovereign bonds, corporate bonds and money market instruments will contribute towards the element of stability for the Fund. On the other hand, the balance of 20% investment in the stock markets will give the Fund Manager the flexibility to enhance returns for investors. The Fund's manager, Mr Kon Chee Keat says, "We will manage this Fund conservatively by initially applying the 80/20 investment policy. We believe that our objective to seek returns over and above those earned through CPF savings will be fulfilled through our low-risk investment strategy."

Commenting further on the attractiveness of the Fund, Mr Daniel Chan, UOBAM's Managing Director & Chief Investment Officer, says "The United Capital Guaranteed Fund is ideal for conservative investors who are seeking to grow their CPF savings but are, at the same time, concerned with protecting their capital."

Subscription Details
Investors can invest in the Fund with a minimum investment of S$1,000 using cash or CPF. Investors who invest in the Fund during the subscription period between 6 November and 8 December 2000 will enjoy the following incentives:

The Fund will not accept new applications after the subscription closing date on 8 December 2000.

Investors who are interested to know more about the United Capital Guaranteed Funds - Series I are invited to attend a seminar to be held on Tuesday, 28 November 2000 at Hotel Inter-Continental, Bugis Grand Ballroom, 80 Middle Road, Singapore 188966. To register or for further details, they can call 1800 22 22 228, visit any UOB Group branch or UOB Invest Shop or visit the Fund's web site at www.uobam.com.sg/uobam/guaranteed.

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