Great Eastern Life Indonesia Launches Investment Management with AI Technology

Photo: Special

JAKARTA - Great Eastern Life Indonesia launched the GreatLink SustAInability Equity Fund program, this is a sub fund that optimizes the use of Artificial Intelligence (AI) technology in managing its investments in shares that take into account Environmental, Social and Good Corporate Governance aspects on the Indonesia Stock Exchange (BEI ).

President Director of Great Eastern Life Indonesia Nina Ong said that Great Eastern Life Indonesia always innovates to answer customer needs while proving its commitment to make a real contribution to the environment.

"With the launch of the GreatLink SustAInability Equity Fund which invests in ESG-focused stocks supported by AI technology, as well as changes to the investment allocation strategy of the GreatLink Balanced Fund, investment performance will be more optimal and of course can help realize a better future, Reach for a Greater Tomorrow," he said in his statement, Wednesday, May 15.

Nina Ong said that the GreatLink SustAInability Equity Fund is an alternative investment fund option for customers who want to get optimal levels of investment returns with a high level of risk for long-term investments.

Meanwhile, investment placement in the GreatLink SustAInability Equity Fund is mostly in equity instruments with a minimum allocation of 80 percent to Equity Securities and a maximum of 20 percent to the Money Market.

ESG has become a standard used to assess companies for their commitment to sustainability so that they are able to produce products/services that have a positive impact on the economy, social and environment.

Not only that, ESG is also often used as a parameter for whether a company has high resilience in facing times of crisis and whether the company is able to create long-term profitability performance.

The Indonesian Stock Exchange (BEI) itself has launched an ESG rule-based stock index called IDX ESG Leaders on December 14 2022. This index measures the performance of companies in Indonesia that implement ESG practices or what are called low ESG risk companies.

The main filter for the list of issuers included in the IDX ESG Leaders Index is companies that have a low risk score or ESG rating from Sustainalytics.

BEI President Director, Iman Rachman at the Mandiri Sustainability Forum event on Thursday, December 7 2023, revealed that as many as 44 percent of listed companies on the IDX with low ESG risk experienced higher share price appreciation compared to other issuers.

The list of listed companies with low ESG risk has positive financial performance which is characterized by higher revenue growth. This shows that implementing ESG is not only about realizing social responsibility, but can also contribute to company profitability.

Meanwhile, Great Eastern Life Indonesia itself has implemented ESG practices in business continuity based on three pillars of sustainability, namely environmental, social and governance.

Nina Ong said that apart from being a form of implementation of the sustainability pillar, the launch of the GreatLink SustAInability Equity Fund is also a reflection that Great Eastern Life Indonesia is always focused on meeting the interests of customers and society.

"GreatLink SustAInability Equity Fund is here to answer the needs of Great Eastern Life Indonesia customers who want to get protection and at the same time want to invest wisely by contributing to a sustainable social environment," he explained.

Some of the main advantages of the GreatLink SustAInability Equity Fund:

1. Invest in superior stocks with an ESG index. GreatLink SustAInability Equity Fund will invest in leading stocks that prove their concern for the social environment by implementing ESG. These shares are included in the ESG Leaders index on IDX—a stock index consisting of companies with the best ESG practices in Indonesia.

2. Using AI Technology. The performance of the GreatLink SustAInability Equity Fund utilizes AIOI (Artificial Intelligence of Investment) technology to identify stock patterns that move higher in certain periods and to optimize investment portfolios. The use of AI technology will be enhanced by the role of the Great Eastern Life Indonesia team who will review stock portfolio recommendations to ensure their suitability to the customer's initial investment strategy and objectives as well as to maximize the risk return on investment funds.

3. Create a Positive Impact. By investing in the ESG Leaders Index, customers have indirectly contributed to social responsibility for a better future.

In terms of customer risk profile, apart from customers who want to invest in ESG Leaders IDX index shares, the GreatLink SustAInability Equity Fund is designed for Unit Link product customers with an aggressive risk profile who have long-term goals.

Since its launch, Great Eastern Life Indonesia has also been committed to providing customers with the information and education they need through various official company channels and regularly monitoring and evaluating the performance of the GreatLink SustAInability Equity Fund.

During the launch period of the GreatLink SustAInability Equity Fund investment fund, Great Eastern Life Indonesia will also provide a total of 144 Blue Carbon Packages (116 Blue Carbon Packages which symbolize the age of Great Eastern in Asia and 28 Blue Carbon Packages which symbolize the age of Great Eastern Life Indonesia in 2024) for the first 144 customers who purchased GREAT Protection Link or GREAT Investlink Protection products with GreatLink SustAInability Equity Fund as their investment fund of choice.

1 Blue Carbon Package itself contains blue carbon ecosystem plants consisting of 2 mangroves and 1 seagrass from Carbon Ethics which can actively help create clean air and a better environment.

For existing customers who already have a PAYDI / Unit Link product at Great Eastern Life Indonesia, you can also make a Fund Switch to the GreatLink SustAInability Equity Fund sub fund easily via the GoGREAT Customer Portal! Services.

With the launch of the GreatLink SustAInability Equity Fund, Great Eastern Life Indonesia not only offers an investment fund option that combines ESG and AI technology, but also makes a real contribution to a better future for the environment and society.