BNI Asset Management Launches the BNI-AM Nusantara Index Mutual Fund ETF MSCI Indonesia

Ipotnews - PT BNI Asset Management (BNI-AM) launched the BNI-AM Nusantara Index Mutual Fund ETF MSCI Indonesia Equity Index (XBNI) or Mutual Funds whose participation units are traded on the Indonesia Stock Exchange (IDX) through the primary market and secondary market.

"We launched the BNI-AM Nusantara ETF MSCI Indonesia Index Mutual Fund to provide product variants for investors interested in liquid investments traded on the IDX," said Reita Farianti, Main Director of BNI-AM in Jakarta, Wednesday (23/5).

In the last 25 years, Exchange Traded Funds (ETF) have become increasingly popular as an investment vehicle for both institutional and individual investors. Reita revealed that the world's first Stock Index Mutual Fund was the Vanguard 500 Index Fund, which was launched in the United States in 1976.

"Meanwhile, the first ETF in the world was the S&P Depository Receipt Trust Series 1 which was launched in 1993 in the United States. In Indonesia, ETF Mutual Funds have been traded since 2007," he explained.

Regarding ETFs with the MSCI reference index in Indonesia, continued Reita, only BNI-AM had issued them so he hopes that this ETF can be an attractive choice in the passive mutual fund category.

The MSCI index is an index that represents approximately 80% of Indonesian stock market capitalization and has a high free float. These criteria are set by Morgan Stanley Capital International Limited ( MSCI ) which is an international independent institution providing investment analysis services.

(Dadag)