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Monday, May 3, 2010

Lautandhana eyes IDR50 billion

Monday, 03/05/2010 18:17:37 AM
Lautandhana eyes IDR50 billion

By: Irvin Avriano A.
Bisnis Indonesia

JAKARTA (Bisnis.com): PT Lautandhana Investment Management, a subsidiary of PT Lautandhana Securindo, target AUM of IDR50 billion from money market funds Reksa Dana Lautandhana Liquid.

Director of Investment Lautandhana Subagja Ahmad said the target was pegged to the mid of this year.

"We have no plans to market it through a bank, the fund currently marketed by internal marketer first, but certainly in the future we want for our products sold at banks," he said when contacted today.

According to him, the issuance of new mutual funds launched variant is useful to enrich the company investors diversification.

Data from PT Kustodian Sentral Efek Indonesia (KSEI) showed Lautandhana use the services of PT Bank CIMB Niaga Tbk as the custodian for the capital market investment products.

Based on data from Bapepam-LK, the company today manages the fund through a mutual fund scheme worth IDR903.86 billion and a total of 827.22 million units. (Wiw)

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