BNIS Proteksi XXIV launched

BI/market

23/9/2011

Irvin Avriano A.

Bisnis Indonesia

BNIS Proteksi XXIV launched

JAKARTA: PT BNI Asset Management's new protected fund, BNIS Proteksi XXIV, is obtain effective statement from Capital Market and Financial Institution Supervisory Agency (Badan Pengawas Pasar Modal dan Lembaga Keuangan/Bapepam-LK) and ready to offer.

The matter was showed in Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) official website, one of three back office self regulatory organization in the capital market.

In the website, the protected fund is given international securities identification number (ISIN code). Hence, every new securities that obtain ISIN should have pocketed effective statement from Bapepam-LK.

The same data reveals that the indirect subsidiary of the state controlled PT Bank Negara Indonesia Tbk (BNI) using service from PT Bank DBS Indonesia as the custody.

BNI Asset Management, commandeered by Idhamsyah Runizam, is an investment management company which pocketed lisence from Bapepam-LK as a part of separation of asset management division from its holding company, PT BNI Securities. BNI Securities also act as the BNI subsidiary.

Protected fund is a mutual fund that have fixed income securities as its underlying assets. The fund locked its fair value that makes the investment product's market value is protected and less affected by any market movement.

Such product also have a wide interest from potential investors because its offers alomost-fix return per annum that is caused by fixed income coupon from its bond's interest.

Previously, BNI Asset Management Director Isbono M.I. Putro said the entity intend to launch several protected fund, one of a kind is BNIS Proteksi XXIV. Each investment product seeks asset under management around IDR100 bio--200 bio.