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Saturday, September 17, 2011

Medali 2 seeks IDR100bio in year end

BI/market
15/9/2011
Irvin Avriano A.

Medali 2 seeks IDR100bio in year end

JAKARTA: Reksa dana Mega Dana Obligasi Dua, a fixed income mutual fund which managed by PT Mega Capital Investama, seeks total asset under management until IDR100 billion until this end of the year.

Mega Capital Investama Associate Director Grace Wiragesang said the fund which nicknamed as Medali 2 have a uniqueness caused by return growth that reached 15.3% in the last 12 months.

"Since we've been spin-off, Medali 2 was enhanced, proofed by performance showed until September 12th 2011, the last 30 days reach 4.26% and 15.3% in the last year," said her to Bisnis.

The spin-off she mentioned is the divestment of fund management division from stock exchange member securities company PT Mega Capital Indonesia in May 6th to form a new entity that incorporated as her new office. The bond-based fund is launched on June 4th four years ago since the fund managers still controlled under Mega Capital Indonesia.

The majority portfolio of the fund consist of 42% government bond (surat utang negara/SUN), 58% corporate bond, and the rest is money market instruments.

The subscription can be start at low fares, begin on IDR500.000 with minimum next subscription IDR100.000.

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