AUM Mutual Fund Reaches Rp 387 Trillion

By : Aldo Bella Putra | Saturday, July 29 2017 - 09:14 IWST

5166
5166

INDUSTRY.co.id - Jakarta - The Finance Prosecutor's Authority (OJK) recorded the total managed fund or "asset under management" (AUM) of mutual funds, until July 25, 2017, posted a positive result of Rp387 trillion.

"In the past 7 years, the AUM position of mutual fund was Rp153 trillion, thus until July 25, 2017 it recorded an increase of about 152 percent," said Director of OJK Investment Management Sujanto to media crew in Jakarta, Friday (28/07/2017).

He said that the managed fund from the investment product is still dominated by equity funds which reached Rp108.1 trillion. Then money market funds amounted to Rp50 trillion, balanced mutual funds of Rp24.3 trillion, fixed income mutual funds of Rp83.8 trillion.

In that period, he added that managed funds of protected mutual funds were recorded at Rp90.7 trillion, Rp1 trillion in mutual funds, ETF funds of Rp7.4 trillion and sharia funds Rp18 trillion.

In the future, he is optimistic that the managed fund in mutual fund products will continue to grow so that it is expected to increase trading activity in Indonesia Stock Exchange (IDX).

"If managed funds continue to grow then it could spur trade transactions on the Exchange, we hope it will be," he said.

Along with growth in the mutual fund industry, Sujanto said that it has issued a new mutual fund instrument which is confirmed in OJK Regulation No. 34 /POJK.04/2017 regarding Time Target Funds.

The Time Target Investment Fund is a time-specific Mutual Fund and an investment policy that adjusts to that period. Analyst PT Infovesta Utama, Viliawati added that unlike other types of mutual funds, Time Target Funds are not glued to the majority of securities in their portfolios, but rather refers to a specific date or a time of investment objectives for a certain period of time.

"Mutual funds are expected to meet the needs of investors for investment products in accordance with the financial planning cycle," he said.

News Comment

Today's Industry

NORD-DuoDrive.jpg: The innovative and patented DuoDrive geared motor reaches outstanding system efficiency Image: NORD DRIVESYSTEMS

Selasa, 17 Mei 2022 - 14:00 WIB

NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics

The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

President Jokowi attends the meeting between ASEAN leaders and American entrepreneurs at Intercontinental the Willard Hotel, Washington DC, Thursday (05/12). Photo by: Laily Rachev

Selasa, 17 Mei 2022 - 13:00 WIB

President Jokowi Invites US CEOs to Boost Cooperation with Indonesia

President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

President Jokowi, President Biden, and ASEAN Leaders on a group photo prior to the dinner, at the White House, Washington D.C., Thursday (05/12)

Selasa, 17 Mei 2022 - 12:28 WIB

President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President

President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

(Photo: © 2022 KRAIBURG TPE)

Selasa, 17 Mei 2022 - 11:23 WIB

TPE unleashes benefits for pet accessories

The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

PT Sariguna Primatirta Tbk (Tanobel Group)

Jumat, 13 Mei 2022 - 15:45 WIB

Demand Increases, CLEO Recorded IDR307.7 Billion Sales in Q1-2022

PT Sariguna Primatirta Tbk (Tanobel Group), a public company and manufacturer of Bottled Drinking Water (AMDK) with the IDX ticker code: CLEO: IJ, recorded a 30% increase in sales reaching IDR307.7…