AUM Mutual Fund Reaches Rp 387 Trillion
By : Aldo Bella Putra | Saturday, July 29 2017 - 09:14 IWST

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.
Read Also
TDL Records New Revenue Record of IDR 25 Trillion in 2024 Ahead of…
Celebrating 65 Years of Indonesia - Cambodia Relations: Indonesian…
President Jokowi Receives 2023 Audit Reports from BPK
SKB Food Collaboration with Bank Mandiri Facilitates Access to MSME…
Sri Mulyani: 2023 Budget Must Stay Flexible in Facing Global Economic…
Today's Industry

Jumat, 02 Mei 2025 - 10:46 WIB
Binawan and Government Support Indonesian Nurses in Europe through Scholarships
In the midst of the viral #KaburAjaDulu hashtag as a symbol of the young generation's disappointment with domestic working conditions, Binawan responded with real action: dispatching Indonesian…

Jumat, 28 Maret 2025 - 22:21 WIB
SUNeVision Initiates MEGA IDC Phase Two Development
SUNeVision, the technology arm of Sun Hung Kai Properties (SHKP), today announced the commencement of construction for Phase Two of MEGA IDC in Tseung Kwan O. As Hong Kong's largest data centre…

Jumat, 28 Maret 2025 - 22:00 WIB
Wireless Logic Selected By Thales As IoT Connectivity Partner
Wireless Logic, a global leader in IoT connectivity solutions has been selected by Thales, a global leader in advanced eSIM technologies, to enable secure, scalable and resilient IoT connectivity…

Jumat, 28 Maret 2025 - 21:53 WIB
Microvista Expands International Presence with Mobile CT System ScanExpress
The German specialist in industrial computed tomography and non-destructive testing, Microvista, announces the European expansion of its innovative mobile CT system, ScanExpress. The system…

Jumat, 28 Maret 2025 - 21:44 WIB
Turning Loss into Profit, INOV Optimistic in Maintaining Positive Performance this Year
PT Inocycle Technology Group Tbk (INOV:IJ) Indonesia's leading and largest PET waste recycling Company managed to book sales of IDR 629 Billion in 2024, an increase of 4.8% compared to the previous…
News Comment