Independent Investment Aims For IDR 6 Trillion Management Funds In 2023

Share illustration (Photo: Doc. Antara)

JAKARTA - PT Mandiri Investment Management (Mandiri Investasi) is targeting the company's managed funds to increase by IDR 6 trillion. Where, the target is to become R49 trillion in 2023.

Mandiri Investment President Director Aliyahdin Saugi conveyed that the company's managed funds have so far reached IDR 43 trillion.

"Our managed funds to date are IDR 43 trillion. Our total target is for all portfolios to increase, there is an additional IDR 6 trillion," said Aliyahdin quoting Antara.

On this occasion, his party launched the Mandiri Mutual Fund ETF LQ45, which is a mutual exchange that invests in blue chip stocks included in the LQ45 Index.

He said the Mandiri Mutual Funds market, LQ45, is still dominated by institutional customers. Our target is 35 percent of it (institutional customers), and in addition to growth, we are still quite optimistic that we see this opportunity to make the market even wider," said Aliyahdin.

He explained that the public can carry out Mandiri Fund Reksa transactions ETF LQ45 through securities companies with two purchase methods, namely buying through the primary market and/or secondary market.

Meanwhile, buying and selling transactions in the primary market can be done with a minimum purchase of 1 basket (1000 lots or 100 thousand units of participation), while buying and selling transactions in the secondary market can be done with a lower minimum purchase, namely 1 lot or 100 units of participation.

According to him, the main advantage of Mandiri ETF LQ45 is that this product invests in the driving market of the Indonesian economy, where the LQ45 Index represents the 45 largest and most liquid companies in Indonesia, which are the proxys for economic growth.

With a total market capitalization of around 56.68 percent of the JCI, according to him, LQ45 Index shares can be used as an efficient means for investors to have exposure to Indonesia's economic growth.