Pinnacle Launches Tradable Mutual Funds on BEI

By : Herry Barus And Aldo Bella Putra | Saturday, February 03 2018 - 21:00 IWST

Ilustrasi Reksa Dana (bisnisfranchiseindonesia)
Ilustrasi Reksa Dana (bisnisfranchiseindonesia)

INDUSTRY.co.id - Jakarta - PT Pinnacle Persada Investama launches mutual funds that can be traded in Indonesia Stock Exchange (IDX) based on environment, social and good corporate governance.

"Exchange-traded Funds of BEI or Exchange Traded Fund / ETF are environment-based, social and governance of a good enterprise (environmental, social and governance / ESG) with XPSG trading code," said President & CEO of Pinnacle Investment, Guntur Putra in Jakarta, Friday (2/2/2018)

Currently, he added, ESG-based investment products are experiencing a growing trend around the world, then it is time investors should be more observant in choosing issuers and focus to invest in companies that have full commitment to the principles of ESG.

According to him, investment objectives include positive and sustainable impacts over the long term, and XPSG is an efficient product to achieve that goal.

"This ESG-based ETF combines active and passive strategies that enable investors to achieve consistent, liquid, transparent and diversified yield and performance potentials," he said.

He added that in the XPSG product, it cooperates with PT Indo Premier Sekuritas as a dealer and PT Bank Central Asia Tbk as a custodian bank.

"With the issuance of this ETF, is a testament to our commitment to encourage the development of capital markets," he said.

Meanwhile, IDI Development Director Nicky Hogan said that there are currently 15 ETF products in the capital market. ETF is an ideal investment product because it will facilitate investors to manage management strategies and achievement of portfolio yield targets.

"ETFs have a level of diversified risk and still promise better returns for investors," he said. (Ant)

News Comment

Today's Industry

President Jokowi Inaugurates New Army Chief

Jumat, 01 Desember 2023 - 19:13 WIB

President Jokowi Inaugurates New Army Chief

President Joko “Jokowi” Widodo on Wednesday (11/29) at the State Palace, Jakarta, inaugurated Lieutenant General Maruli Simanjuntak as Army Chief of Staff (KSAD). The appointment of Maruli…

President Jokowi to Attend COP28 in UAE

Jumat, 01 Desember 2023 - 19:06 WIB

President Jokowi to Attend COP28 in UAE

President Joko “Jokowi” Widodo has kicked off an overseas working visit to attend the World Climate Action Summit COP28. The President arrived at Al Maktoum International Airport in Dubai,…

Indonesia Wins Awards at Gourmand Awards in Riyadh

Jumat, 01 Desember 2023 - 19:02 WIB

Indonesia Wins Awards at Gourmand Awards in Riyadh

Riyadh, Saudi Arabia - Indonesia has achieved outstanding achievement by winning two prestigious awards at the Gourmand World Cookbook Awards. These awards are part of the Saudi Feast Food Festival,…

Mary Kay Expands to Hungary, Elevating Beauty and Empowerment in Central Europe

Jumat, 01 Desember 2023 - 18:56 WIB

Mary Kay Expands to Hungary, Elevating Beauty and Empowerment in Central Europe

Mary Kay Inc., the iconic beauty brand and global advocate for women’s empowerment, is thrilled to announce its expansion into Hungary, a strategic move that marks the company's latest foray…

Rizhao Economic and Technical Development Zone: Freehand Sketching Outlines a New Landscape

Jumat, 01 Desember 2023 - 18:53 WIB

Rizhao Economic and Technical Development Zone: Freehand Sketching Outlines a New Landscape

Rizhao, China - Recently, at the "Enterprises Boosting the Development of Villages" conference in Rizhao, the Donghanjia Village Freehand Sketching Workshop in Rizhao Economic and Technical…