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Monday, October 12, 2009

Batavia Prosperindo targets IDR250 billion


BI/bursa
Senin, 12/10/2009 00:00 WIB
Irvin Avriano (21)
Bisnis Indonesia

Batavia Prosperindo targets IDR250 billion
JAKARTA: PT Batavia Prosperindo Aset Manajemen targets the protected mutual fund, Si Dana Proteksi Batavia XVI, could tap IDR250 billion public investments. The product is released by end of the month.

"The product is predicted to have a lot of absorptions due to the relatively short tenure and lucrative yield," said Head of Sales & Marketing of Batavia Aset Manajemen Karma Perkasa Siregar in press release last week.

Si Dana Proteksi Batavia XVI has two years investment tenure.

The company targets the indication of protected mutual fund net yield worth about 9.25 percent per year which will be paid in the form of dividend every month.

The capital market investment product here will be marketed through PT Bank Permata Tbk, PT Bank Commonwealth Indonesia, and PT Bank DBS Indonesia that have got license from Bank Indonesia.

Karma said the mutual fund yield will be gained from the placement of investment portfolio of at least 80 percent on the corporate bond instrument and the other is financial market instrument.

The protected mutual fund product hit the market previously was so-called Si Dana Batavia X, which booked about IDR180 billion. The total fund under management was higher than the corporate target of IDR150 billion.

The product had 16 months investment tenure with net yield indication of 9.4 percent per year. The yield will be paid in quarterly dividend to the investors. (Bisnis/21)

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