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Friday, June 11, 2010

Batavia Aset Manajemen issues Proteksi Syariah Mataram fund

BI/bursa
11/6/2010
Irvin Avriano A.

Batavia Aset Manajemen issues Proteksi Syariah Mataram fund

JAKARTA: PT Batavia Prosperindo Aset Manajemen, a local invesment manager, formed a new protected mutual fund namely Batavia Proteksi Syariah Mataram.

From the data showed in PT Kustodian Sentral Efek Indonesia website today, the mutual fund is assisted by PT Bank Permata Tbk as its custodian.

Protected mutual fund is an investment product have debt instrument as the main portfolio, and the investment fund locked in a targeted time so it covered the fund from market volatility risk.

The fund will make the asset under management stays in the same value and give a certain coupon that can be enjoyed by the investor as an investment return.

Last month, the investment management managed IDR5.84 trillion fund in mutual fund scheme. The company had it asset under management decline until yesterday to IDR5.17 trillion, mainly because of the downturn of its value.

The company's data from The Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) shows that the unit of its mutual funds still grow from 4.67 billion unit to 4.79 billion unit in the same period.

Right now the company have managed around 54 mutual fund, mostly from protected fund type.

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