UOB Thai asset manager launches structured fund

ThailandÆs UOB Asset Management is launching its second structured note fund, this one backed by Thai equities. Its UOB Select SET 50 Index Link 1 Fund will track the returns of the Stock Exchange of Thailand (SET) 50 Composite index and will invest in local banks structured notes with a capital guarantee. According to Korawut Leenabanchong, CIO at UOB-AM Thailand, the return of the new fund will be calculated by taking the average of the SET index, which will be marked at the end of …