Issue EFT Mutual Funds, KISI AM Targets Management Funds Of Up To IDR 100 Billion In 2024

Launch of KISI AM ETF Mutual Fund (Photo: Aris Nurjani/VOI)

JAKARTA PT KISI Asset Management or KISI AM launched a new product in the form of a Exchange Trade Fund (ETF) mutual fund named KISI IDX30 ETF and has obtained an effective statement from the Financial Services Authority (OJK) and is listed on the Indonesia Stock Exchange (BEl) with the XKID trading code.

"The launch of KISI IDX30 ETF is an important moment for KISI Asset Management. This innovative product reflects our commitment to providing innovative and easily accessible investment solutions for investors," said KISI Asset Management President Director Mustofa at a press conference, Friday 24 November.

Mustofa added that along with the launch of the mutual fund product, the target of managed funds or asset under management (AUM) for these products reached IDR 50 billion to IDR 100 billion in 2024.

"This year we are targeting Rp50-Rp100 billion until 2024. Maybe in the next year only for this product. If the total AUM is targeted at Rp2 trillion," he explained.

Furthermore, Mustofa conveyed that the KISI IDX30 ETF mutual fund is an ETF with an IDX30 index reference, which measures the price performance of 30 stocks that have high liquidity and large market capitalization and are supported by good corporate fundamentals.

Meanwhile, the index is designed to provide a representative picture of the overall performance of the Indonesian stock market. Shares participation in this index is based on a number of criteria, such as market capitalization, liquidity, and other relevant factors.

KISI IDX30 ETF is offered to the public with a Clean Activities Value (NAB) of the initial 1000 or a minimum purchase of the Participation Unit through the Participants Dealer of PT Korea Investment and Sekuritas Indonesia in the amount of one creation unit or the equivalent of 100,000 units of participation.

Mustofa conveyed that the investment objective of KISI product IDX30 ETF is to provide efficient and transparent investment alternatives for market players in Indonesia issued by the IDX through investment in accordance with investment policies.

Meanwhile, the investment policy of this product is a minimum of 80 percent of NAB on Equity-traded securities on the IDX 30 and a maximum of 20 percent of NAB in domestic money market instruments that are due no more than 1 year and/or deposit.

"Investment in the shares listed in the IDX30 Index will amount to at least 80 percent of the total shares listed in the IDX30 Index," he said.

Meanwhile, each portion of each share will be determined pro-timally following the weight (weighting) of each share of the IDX30 Index, where the boboting of each share is at least 80 percent and a maximum of 120 percent of the weight of each share concerned in the IDX30 Index.

"KISI IDX30 ETF is designed as a Mutual Index Fund to provide exposure to investors to diversified portfolios consisting of the 30 best companies listed on the Indonesia Stock Exchange," he explained.

Mustofa conveyed that with efficiency and accessibility as the main focus, this ETF provides affordable and transparent investment vehicles, accommodating both experienced investors and those who have just entered the world of finance.