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Saturday, October 1, 2011

Mandiri Investasi will launch Protected Smart 8

Irvin Avriano A.

Mandiri Investasi will launch Protected Smart 8

JAKARTA: PT Mandiri Manajemen Investasi will launch another capital protected fund, named Reksa Dana Mandiri Protected Smart Seri 8.

The announcement made in the Indonesia Central Securities Depository today, related to international securities identification number (ISIN) code given to the every new securities that already obtain effective statement from Capital Market and Financial Institution Supervisory Agency (Bapepam-LK).

In the data, the company use PT Bank DBS Indonesia service as custody. Previously, Mandiri Investasi which led by Abiprayadi Riyanto pocketed another effective statement for their four similar new mutual fund on September 27th.

The funds that already pocketed effective statement namely Mandiri Saham Atraktif, Mandiri Saham Syariah Atraktif, Mandiri Komoditas Syariah Plus, and Mandiri Berimbang Syariah Aktif.

Based on the names, the three of new funds are shari'a mutual funds, that will invest only in shari'a based securities such as sukuk and shari'a equities. Based on Mandiri Investasi website, Atraktif mutual fund is used to be only for equity fund and Aktif is only for balanced fund.

At this time, Mandiri Investasi already have the only one conventional balanced fund namely Mandiri Investa Aktif and one shari'a balanced fund, Mandiri Investa Syariah Berimbang.

In equity fund type, the company commandeered by already manage Mandiri Investa Atraktif, Mandiri Investa UGM, and Mandiri Investa Ekuitas Dinamis, while the equity shari'a fund is Mandiri Investa Atraktif Syariah.

Equity fund is a mutual fund which majority portfolio is allocated for equity securities, while the balanced fund mixed the portfolio not only equity but also fixed income securities. Fixed income fund have majority portfolio in notes/bonds-base securities while the money market have portfolio in near matured bonds (a year) and time deposit.

The four funds are the four main type of open-ended mutual fund, while the close-ended fund is mutual fund that have its market price locked because of the amortization scheme that makes it almost immune from market situation.

Before the four open-ended fund, the entity that incorporated 2004 is eyeing IDR500 billion from three new capital protected fund namely Mandiri Protected Smart 6, Smart 7, and Smart 8.

The company also seeks investors from Australia by embrace AFM Investment Partners as client early this month. The fresh fund that targeted from the new market is IDR1.7 trillion in the next 12 months.

The expansion widened from previously tap Singapore market by selling its money market fund, Mandiri Pasar Uang, by gathered support from Swiss-based financial institution Julius Baer.

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