Bahana TCW Collaborates With Standard Chartered To Market The First Equity Sharia Mutual Fund In Indonesia Focusing On Investment In The Health Industry

Illustration. (Photo: Doc. Antara)

JAKARTA - PT Bahana TCW Investment Management (Bahana TCW) has officially appointed Standard Chartered Indonesia as one of the Selling Agents to expand the distribution of its newest product, namely the Bahana Global Healthcare Sharia USD Equity mutual fund. This Islamic mutual fund has a focus on investing in shares of global health industry companies.

President Director of Bahana TCW, Rukmi Proborini, Tuesday, July 12, said that in the midst of global economic conditions that are currently under pressure from the stagflation phase, or minimal economic growth amid high inflation, the health sector is a sector that is resilient to the storm because it is a defensive and essential industry. , so investing in healthcare companies is an attractive alternative in accordance with current macroeconomic conditions.

Meanwhile, our partnership with Franklin Templeton and Standard Chartered Bank is to expand the distribution channel of the Bahana Global Healthcare Sharia USD Equity mutual fund, which is the first Overseas Sharia Mutual Fund in Indonesia that focuses on the Global health industry.

Standard Chartered Indonesia's Head of Wealth Management, Meru Arumdalu explained, recently, Standard Chartered Bank has just issued a Global Market Outlook for the second semester of 2022, which discusses the precautionary measures that central banks around the world must implement to maintain inflation and prevent an economic recession.

"We estimate that inflation will subside only gradually, and cause the Fed to maintain its aggressive stance. In response to this condition, a number of industries are seen as defensive sectors or defensive stocks, such as the healthcare, energy and financials industries in America and Europe. Through the addition of Bahana mutual funds Global Healthcare Sharia USD Equity in the choice of investment products of Standard Chartered Bank, we hope to be able to provide more alternatives for our customers to achieve their financial goals," explained Meru.

Referring to the data presented by Forbes Advisor, the Health sector in the United States (US) is the sector with the most potential for the medium and long term. It can be seen from the level of public health spending in the United States that it accounted for almost 18 percent of the US gross domestic product (GDP) at the end of 2019, and is expected to continue to increase to reach 6 trillion US dollars per year or the equivalent of 19.7 percent of US GDP by 2028. .

The positive projection of the health sector is also triggered by the increasing global public awareness of the importance of post-pandemic health. Moreover, growth in the health sector will also be driven by the involvement of technology, the trend of an increasingly aging population and the increasing need for health services for non-communicable diseases and other chronic conditions.

The composition of this mutual fund portfolio is that more than 50 percent are placed in leading sectors in the United States market and the rest is invested in a number of major world economies, including Japan, France, Germany, the UK and Australia. This Islamic mutual fund product can be purchased with a minimum purchase starting from US$10,000.

Collaborating with Franklin Templeton, who has experience and global capabilities in strategic design, this product applies sharia principles and integrates ESG in product portfolio management. The development of the current endemic situation is supported by technological developments that will encourage the manufacture of more effective drugs, more efficient operation of patient data, increasingly sophisticated health services, the ability of experts to become more reliable, and the patient experience more streamlined.

The progress which is predicted to continue to grow will have an impact on increasingly diverse demand, thus making the healthcare industry one of the most promising industries for investors.

Head of Retail Sales, Southeast Asia, Franklin Templeton Clement Lee, said, "Franklin Templeton is pleased to be working with Bahana TCW to support attractive new investment capabilities for Indonesian Sharia investors.

"We see great opportunity in the global healthcare industry as technological advances accelerate and demographic trends continue to take place. Against this backdrop of global macroeconomic uncertainty in the near term, the healthcare sector remains a profitable sector and one of the fastest growing and most profitable sectors. defensive," he said.

"This product complements alternative investments for the community that are tailored to their fund management needs. Bahana TCW has more than 25 years of experience as an investment manager who diversifies his investment portfolio from mutual fund products and bilateral fund management contracts to other alternative investments. Each investment product is designed to meet the investment needs of the Indonesian people. In addition, the development and distribution of investment products is carried out in a strategic partnership with the world's leading financial institutions," concluded Rukmi.