Insight IM Calls 70 Percent Of Its Investors Millennials And Gen Z

Shares (Photo: Antara)

JAKARTA - Director of PT Insight Investments Management (Insight IM) Ria M Waranda revealed that around 70 percent of their mutual fund investors came from the millennial generation and generation Z.

"In our fact findings, based on data as of the end of 2023, it is recorded that the dominance of millennial and generation Z investors who chose Insight IM funds is around 70 percent. This portion of the figure is the largest when compared to several other age groups," Ria said, quoting Antara.

He is optimistic that this figure will increase amid the trend of young people's investment which will continue in the future.

He explained that the dominance of millennial and generation Z investors is in line with data from the Indonesian Central Securities Depository (KSEI) as of January 2024, which is 56.29 percent of capital market investors aged 30 years and under and 23.66 percent are in the age range of 31 to 40 years.

He continued, the potential for a large market encourages his party to take various steps to encourage investment interests for young people, ranging from financial education activities to campuses, and light education about investment and finance for novice investors.

In addition, cooperation with various fintech Mutual Fund Selling Agents (APERD), to the development of online mutual fund applications that will be launched in the near future.

"We don't forget to say that we are currently preparing an online mutual fund application called Investment. This application is different from similar applications, because it combines investment experiences while contributing socially," said Ria.

He explained that the social contribution arose because every mutual fund product Insight IM had a theme that was in line with social and environmental issues, one of which was the mutual fund I-Renewable Energy Fund.

Since its launch 13 years ago, he continued, the I-Renewable Energy Fund has managed to score a total return of 138.85 percent and consistently its performance can outperform benchmarks, which are reflected in a year's performance of 7.21 percent while benchmarks by 1.65 percent.

"This good performance contributes to innovative environmental and social impact programs such as Pro Women for Renewable Energy and Energy Village," said Ria.

He explained that the Pro Women for Renewable Energy Program provides easy access to the use of renewable energy for female farmers in Lombok to improve their economic level.

Meanwhile, in Energi Insight Village, the company's focus is on providing Solar-powered Mini Cold Storage-based renewable energy assistance which will help fishermen in West Manggarai, East Nusa Tenggara (NTT) to optimally store fish catch, including accompanying them in their use.