Pinnacle Investment Launches Mixed Funds

INDUSTRY.co.id - Jakarta - PT Pinnacle Persada Investama (Pinnacle Investment) Investments Company launches a mixed mutual fund product with strategies implemented through quantitative approaches and fundamental analysis.

"The fund, which was launched by Pinnacle Granditas Dynamic Balanced Fund, has the flexibility to invest in equity instruments, bonds and money markets in accordance with market conditions," said Chief Executive Officer (CEO) Pinnacle Investment, Guntur Putra in Jakarta on Thursday (12/4/2018).

Through the product, he added, it is possible for investors to gain access to sophisticated investment strategies in an efficient manner. Granditas product strategy uses a strategy that suits all market conditions.

"The implemented strategy allows investors to help them navigate market conditions so investors can achieve their investment objectives," he said.

Guntur Putra also said that it plans to issue an exchange traded fund (ETF) this year. It has processed a publishing license to be launched in May and June.

"Two products are being processed licensing one of the ETF products that refer to global provider index," he said as quoted by Antara.

He said the issuance of the benchmark ETF would complement other Pinnacle Investment products. To date, Pinnacle Investment has managed around Rp3.5 trillion.

Meanwhile, Senior Advisor and Principal Pinnacle Investments John D Rachmat said the management of Granditas mutual fund products aims to beat the performance of the composite share price index (IHSG) when conditions rise and limit the negative performance when the market is down.

"Pinnacle Granditas Dynamic Balanced Fund is an all-season mutual fund because it combines the application of quantitative strategies and fundamental analysts," he said.