Search This Bitch


Share |

Tuesday, November 17, 2009

Manulife Manajemen targets growth at 20%

photo from:

as published in Bisnis Indonesia daily newspaper
Tuesday, 17/11/2009 00:00 WIB
Manulife Manajemen Targets Growth at 20%

JAKARTA: PT Manulife Aset Manajemen Indonesia targets to bolster the amount of fund it oversees by 20% to IDR27.3 trillion-IDR27.6 trillion for 2010, thanks to its larger number of customers.

President Director of Manulife Aset Manajemen Denny Rizal Thaher revealed the amount of fund the company had overseen until the end of October reached IDR22 trillion consisting of IDR8.7 trillion in mutual fund and IDR13.3 trillion in discretionary fund.

"Manulife Manajemen also plans to issue two equity funds next year," he said yesterday.

He added the company also targets to boost the number of customers by 20% from the current 53,000 customers.

To realize the target, he continued, the company would work together with publicly listed PT Bank Central Asia (BCA) in developing auto debit and joint account facilities to eye the retail customers of the private bank.

Those facilities, he informed, will make it easier for customers to transfer their funds from their BCA accounts to their mutual fund accounts, leaving manual transfer no longer necessary.

He explained the second program aimed to make it easier for parents to make investments for their children from their infancy to their adulthood at 21 years of age.

The mutual fund account will have two owners, namely the investor and the trustee. The account will belong to the investor once he or she can be considered an adult.

"In principle, each investment manager has to have direct selling channel to diversify distribution channels."

According to Denny, Manulife Aset Manajemen at the moment is an investment manager overseeing the largest discretionary fund portfolio in the mutual fund industry.

In the meantime, the total amount of fund it oversees ranks second largest among four investment managers, with Schroders Investment, Fortis Investments, and Mandiri Manajemen Investasi being the other three. (Bisnis/21)



Bisnis Online Free Automatic Backlink Investing Blogs - BlogCatalog Blog Directory