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Friday, April 15, 2011

BNP Paribas Star eyes IDR1 trio

14/4/2011
BI/bourse-mutual funds
M. Tahir Saleh
Bisnis Indonesia

BNP Paribas Star eyes IDR1 trio

JAKARTA: PT BNP Paribas Investment Partners eyes funds managed over IDR1 trillion from BNP Paribas Star, the most recent equity fund that will be offered in mid-May.

BNP Paribas President Director Robert Henri "Tino" Moorrees said their new mutual funds, which will offered next month it is a mutual fund shares. But he has not been able to reveal more detailed about the investment products.

"We are targeting funds under management to this new product IDR1 trio, is expected to more than IDR1 trio, will offered to investors in around May, in the mid month," he told Bisnis last week.

Data from Indonesia Central Securities Depository (KSEI) showed BNP Paribas equity funds released by the name of BNP Paribas Star. Companies that formerly named PT Fortis Investments is entrusted Deutche Bank AG as custodian bank for the new fund.

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