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As of October, BNI Asset Management's Managed Funds Reached Rp24.64 Trillion
Selasa, 17 November 2020
JAKARTA - PT BNI Asset Management as of the end of October 2020 managed to record a 15% growth in asset under management (AUM) to Rp24.64 trillion. This makes BNI Asset Management remain in the top 10 asset management companies in Indonesia.
Deputy President Director of Bank BNI Adi Sulistyowati said BNI Asset Management, which is part of the BNI group, has been spinning off BNI Sekuritas since 2011 and continues to grow to this day.
He explained that BNI Asset Management was still able to record growth of 15% since the beginning of 2020. Of course, this growth could not be separated from the support of investors and the synergy of BNI as the parent of all subsidiaries belonging to the BNI group.
"As we all know that currently during the Covid-19 period, we are working hand in hand to continue to rise from the impact of the Covid-19 pandemic," said Adi at the Market Outlook 2021 'Resilience to Counter Economic Turbulence' - Day 1, in Jakarta, Tuesday. (17/11/2020).
According to him, Covid-19 creates extraordinary conditions and has a significant effect on economic activity, and encourages the adaptation of new habits, as an effort to break the Covid-19 chain. In terms of economic growth, based on IMF predictions at the end of 2020 the global economy will experience a contraction of minus 4.36%, and Indonesia is predicted to be at the level of minus 1.5%.
"Even though Indonesia experienced negative growth, this figure was still better than developed countries such as Japan and the United States, which contracted by 5.27% and minus 4.27% respectively," he said.
Of course, this is inseparable from the government's efforts with related agencies to take appropriate and fast strategic steps in tackling the impact of Covid-19 and national economic recovery.
As is known, Minister of Finance Sri Mulyani at the plenary meeting of the 2021 APBN bill draft on September 1, 2020 yesterday, predicted that in 2021 the Indonesian economy would grow again in the range of 4.5% to 5.5%.
"Surely this will foster market optimism to be able to bounce back quickly with several factors being focused on, such as vaccine production and distribution, global geopolitical conditions related to investment, and fiscal policy reforms," he said.
President Director of BNI Asset Management Putut Endro Andanawarih added, entering 2021 he saw that domestic conditions would experience slightly higher inflation compared to 2020 as the distribution of government stimulus increased. Bank Indonesia's interest rate policy is relatively stable at the level of 3.75-4% in line with the rising inflation level, but there is still potential for a 25-50 bps rate cut from the current level.
"The projection of economic growth at the level of 4-5.1% (upside risk at 6%) in 2021, driven by the gradual recovery from the re-opening of the economy, especially when the vaccine can be distributed. In addition, investment and export estimates have increased, and government spending and stimulus programs are still quite solid. The 10-year SUN yield is estimated to move in the range of 6.27-6.65% (risk 7.3%) supported by local liquidity and the return of foreign investors to the bond market in Indonesia," he explained.
