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BNI Asset Management Investor Accommodation in XBNI Mutual Funds
Rabu, 23 Mei 2018
Jakarta: BNI Asset Management launched the BNI-AM Nusantara Index Mutual Fund ETF MSCI Nusantara Equity Index (XBNI), namely Mutual Funds whose participation units are traded on the Indonesia Stock Exchange through the primary market and secondary market.
The launch is intended to accommodate the needs of investors who want mutual fund products that are actively traded with an investment strategy that refers to a certain index.
President Director of BNI-AM Reita Farianti stated another goal for investors to obtain long-term investment growth in line with Indonesia's economic growth which is reflected through the performance of the MSCI Indonesia index.
"We launched the BNI-AM Nusantara Index Mutual Fund MSCI Indonesia ETF to provide a product variant for investors interested in investments that are liquid and searchable on the Exchange, because this XBNI is traded through the primary market and secondary market on the IDX," said Reita, in at the launch at the IDX Building, SCBD Sudirman, Jakarta, Wednesday, 23 May 2018.
Each unit of this mutual fund participation is offered at the same price as the initial Net Asset Value (NAV) of IDR 1,000 on the first submission date determined by BNI-AM as the investment manager of the issuer of the MSCI Indonesia ETF mutual fund.
Investors who purchase this mutual fund product will then invest in a portfolio with a minimum investment composition of 80 percent to 100 percent of the NAV placed in 29 stocks included in the MSCI Indonesia index.
"The remaining zero to 20 percent is invested in domestic money market instruments with maturities of no more than one year," said Reita.
With the launch of XBNI, he hopes, it can enrich the product variants that the company has and can provide access to all levels of investors to invest in cheap and affordable capital market products.
"We call it an investment-saving package to get optimal returns on the Indonesian capital market," concluded Reita.
