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Monday, April 25, 2011

OSK Nusadana launch two equity funds

25/4/2011
Irvin Avriano A.

OSK Nusadana launch two equity funds

JAKARTA: PT OSK Nusadana Asset Management, investment manager subsidiary of an Indonesia Stock Exchange participant PT OSK Nusadana Securities Indonesia, launched their two new equity fund last week. Those funds namely OSK Nusadana Equity Focus and OSK Nusadana Indonesia Dinamic Resource Plus.

Based on announcement on Indonesia Central Security Depository (PT Kustodian Sentral Efek Indonesia/KSEI) website last weekend, the company which commandeered by Rima Noulita Suhaimi using services from PT Bank Mandiri Tbk and Deutsche Bank AG as the custodian for the funds, respectively.

The two new equity funds is part of OSK Nusadana Asset Management new fund launching program this year, together with money market fund and several capital protected funds.

The investment manager company managed IDR223.63 billion of mutual funds, as of end of March. The fund shrunk 23.89% from previous position IDR293.84 bio on the end of February. Last year, they already managed IDR294.92 bio of mutual fund.

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