Add Investment Products For Wealth Management Customers, BCA Offers A Mutual Automation Manulife Fund For Class A Superior Bonds

Illustration. (Photo: Doc. Antara)

JAKARTA - PT Bank Central Asia Tbk (BCA) is again cooperating with PT Manulife Aset Manajemen Indonesia (MAMI) to offer a choice of mutual fund products. This time, the product offered is a fixed income fund of Manulife Bonds Unggulant Class A (MOU Class A).

"As a national bank, BCA always provides the best financial solutions to customers through various innovations and partnerships with various institutions, so that customers can enjoy various financial solutions including investment products," said BCA Director Haryanto T. Budiman in a written statement, Thursday, December 1.

Haryanto continued, the growth of BCA's under management (AUM) assets recorded to date has increased quite a bit. Until the third quarter of 2022, AUM of BCA mutual fund products and bonds grew 58 percent year on year.

"The collaboration between BCA and MAMI is part of our steps to provide wealth management solutions, especially investment products for BCA customers. Through this partnership, we present quality investment products and in accordance with the needs of customers who want to take advantage of attractive investment growth opportunities," he continued.

CEO & President Director of MAMI Afifa said that one of the advantages of mutual funds for Class A MOU is to provide optimal returns in various market cycles through diversification of investment in government bonds and corporate bonds.

Class A MOU is managed actively with a focus on investment in short tenor bonds. Although there is a maximum portion of corporate bonds of 60 percent, the volatility of Class A MOU remains under control.

"We also minimize the risk of credit on corporate bonds through a rigorous credit analysis process and the spread of risk concentration," he continued.

Historically, he continued, the Class A MOU has shown resilience amid the interest rate hike cycle and provided competitive performance in the interest rate lowering cycle.

Another advantage of the Class A MOU is the feature of the potential distribution of investment returns every quarter in cash. In addition, liquidity factors are also another advantage of the Class A MOU, where the disbursement of this mutual fund can be done every day of the stock exchange, with a 2-3-day process.

Currently, BCA customers who have a medium to long investment horizon can start investing in Class A MOU mutual funds and enjoy their various advantages.

"Class A MOU is an ideal investment diversification facility to reduce investment risk without changing performance growth expectations significantly," Afifa added.

Later, customers can get information on the Class A MOU through the BCA Relationship Manager, and can transact directly on the Welma feature in the myBCA application, as well as the BCA Branch starting December 1, 2022.