Mega Capital managed funds target Rp12 trillion
Company Info July 19th, 2010
PT Mega Capital Indonesia targeted increase in funds under management of the company’s level Rp7 trillion to Rp12 trillion until the end of the year.
Director of Mega Capital Yimmy Lesmana said the increase would be sought from the publishing company a few mutual funds open this year. Mutual funds that will open the company issued a maximum of three products again this year.
“Our plan is to issue a mixture of mutual funds and equity funds with a minimum target of each of Rp200 billion – Rp 300 billion during the year,” said Yimmy to the press at Pacific Place today.
Open mutual funds (open-ended fund) is a product of its participation units can be purchased and added at any time by investors. Mutual fund products can be either open-equity funds, mixed, fixed income, syariah, indices, and mutual funds that can be traded on exchanges (exchange-traded fund / ETF).
He said of the overall funds under management, the company has a mutual fund assets of about Rp4 trillion. The rest of the funds under management were in the form of bilateral contracts and discretionary investments in mutual funds is limited (RDPT).
He said the company also is planning to spin off its investment manager of the division this year. Thus, the department Mega Capital investment manager plans to stand up to be a separate company from the division of brokerage and underwriting in accordance with Bapepam-LK plan.
Companies, he said, was collecting funds of Rp200 billion for mutual funds Mega mix Kehati Harmony of SRI is being marketed the company today.
He tells the company predicts composite stock price index (JCI) to grow by 20%. Referring to the prediction that, the company targeted mutual fund investment product mix Kehati Harmony of SRI can provide a return on investment (return) of 20% – 25% until the end of the year.
Mutual funds make Kehati SRI Index as one of the 25 references to donate some of its investments and its investment results for Biodiversity Foundation (Kehati), which makes the index.
Previously, Head of Asset Management Department Sugiharto Sugeng Mega Capital said the company plans to increase the assets of all mutual fund companies into Rp6 trillion this year.
Director of Finance and Administration Kehati Gustaaf A. Lumiu said the company is exploring cooperation with PT Trimegah Securities Tbk and PT Sinarmas Securities to issue new mutual funds that use SRI index as a reference Kehati 25.
Companies, he said, has worked with PT Bahana TCW Investment Management to issue fixed-income mutual funds in 2007 Kehati Lestari and Mega SRI Kehati Harmony with Mega Capital.
Currently, he said, the company has an investment fund of U.S. $ 20 million. Funds were developed from the initial capital of U.S. $ 16 million which is collected at the foundation’s inception in 1995. He tells of the foundation has channeled U.S. $ 16 million is distributed to communities to conserve biodiversity.
Last year, he said, companies have committed to manage the funds of U.S. $ 29 million from the program ‘debt swap nature’ (DNS) from the U.S. government to the Indonesian government. The funds were allocated to fund six conservation programs in 13 national parks of Sumatra Island.
