Bursa Efek Indonesia (IDX) director Hamdi Hassyarbaini presents a token to PT RHB Asset Management Indonesia president director Rima Suhaimi at the launch of RHB TM Indo-Asia Equity Fund at IDX in Jakarta.
KUALA LUMPUR: PT RHB Asset Management Indonesia, a member of the RHB Banking group, targets to achieve assets under management (AUM) of 300 billion rupiah (RM99.6mil) for the newly-launched RHB TM Indo-Asia Equity Fund by end of this year.
In a statement, RHB Bank Bhd said the RHB TM Indo-Asia Equity Fund, launched on Monday in Jakarta, was aimed at optimising returns within a medium to long-term timeframe.
The fund’s investment strategy focuses on capital markets, specifically equity investment via public offering from the local and foreign stock markets.
PT RHB Asset Management Indonesia president director Rima Suhaimi noted that since the equity fund’s introduction to the market earlier this month, it has reached 40 billion rupiah (RM13.3mil).
“We are confident in achieving our target AUM of 300 billion rupiah by the end of 2017 due to encouraging response from retail investors,” she said.
“RHB TM Indo-Asia Equity Fund is an ideal option for institutional and individual investors, with a horizontal investment strategy as their medium to long-term goal. The fund, with an initial investment of 1 million rupiah, provides investors with a diverse equity portfolio, specifically foreign companies listed abroad, giving them the opportunity to leverage on the growing Asian ex-Japan capital market.”
RHB TM Indo-Asia Equity Fund is invested in corporate shares with big to medium market capitalisation in Indonesia and Asia ex-Japan, with a relatively lower valuation.
At the same time, the fund also pays high conviction investment attention to diversified sectors, catalysts and countries.
The portfolio components of the investment must have a minimum of 80% from the net asset value (NAV) in the form of equity shares from public listed companies in both local and foreign stock exchanges.
PT RHB Asset Management Indonesia is a subsidiary of PT RHB Securities Indonesia.
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