Indonesia fund aims to raise US$15bil by offering multiple funds


“They will have the flexibility to invest in many portfolios, ” Sri Mulyani (file pic) told Reuters, citing electricity, toll road and health sectors as examples

JAKARTA: Indonesia’s new sovereign wealth fund will offer dedicated industry funds in a bid to drum up US$15bil investment and deepen access to global capital by South-East Asia’s biggest economy, Finance Minister Sri Mulyani Indrawati told Reuters.

The structure, outlined in a briefing by top economic ministers last Friday, has been adopted to entice global investors with various appetites for risk, return and the length of investment.

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