Mandiri Investasi seeks IDR1 trillion new asset under management

Thursday, 29/04/2010 00:00 WIB

Mandiri Investasi seeks IDR1 trillion new asset under management

Irvin Avriano A.

Bisnis Indonesia

JAKARTA: PT Mandiri Manajemen Investasi targets to seek asset under management worth IDR1 trillion from five protected mutual funds they sold.

"The target of protected mutual fund is more or less IDR200 billion each," said director of Mandiri Investasi Andreas Muljadi Gunawidjaja yesterday.

He said the company plans to market a so-called Reksa Dana Terproteksi Dana Pendapatan Berkala 18 on May 17 and the other four protected mutual funds in the near future.

The five mutual funds here will use the government sovereign bonds (SUN) and corporate bonds as the underlying assets of the capital market investment products here.

The other four new mutual fund products readily released here include Reksa Dana Terproteksi Da-na Pendapatan Berkala 17 and Reksa Dana Mandiri Investasi Terproteksi Seri 2, Reksa Dana Terproteksi Mandiri Investa Terproteksi Pendapatan Berkala Seri 2 and Mandiri Investasi Terproteksi Syariah Seri I.

The four products here will be sold by the company up to June offering 7.6-9 percent yields per year to investors.

Product marketing as to Andreas will be done through some sales agent banks particularly PT Bank Mandiri Tbk as the holding company of the investment manager here.

Andreas said up to April 23, the company released four protected mutual funds in US and rupiah denomination with the asset under management worth IDR730 billion and US$16 million.

Up to February, Mandiri Investasi could have 28.68 percent market shares of protected mutual fund or IDR9.9 trillion as from the total of closed mutual fund wealth management worth IDR34.6 trillion in the same period.

Despite the soaring SUN and corporate bond price in the past few months, Andreas said both securities here still offer lucrative yield to investor.

"Investors are still interested in the products types and thus Mandiri Investasi still continues to focus on the other protected mutual fund release."

Investors interest is due possibly to the lower risk offered by the protected mutual fund with relatively attractive yield. Besides, the management of protected mutual fund here is more passive while waiting for the maturity and it is not time consuming on its management. (Bisnis/iaa)