  |    |
        |
 |
 | ||
| |||
 |  | |
| ||
|  | |
| ||
|  | |
| ||
| ||
|  | |
| ||
 |  | |
| · | News Releases |
| · | Multimedia Centre |
| · | Virtual Press Kits |
| · | Fact Sheets |
| · | FAQ |
| · | Contact the Newsroom |
| ||
|  | |
| ||
|  | |
| ||
Standard Chartered Bank and Manulife Aset Manajemen Indonesia sign a new Memorandum of Understanding Jakarta – Manulife Aset Manajemen Indonesia signed a memorandum of understanding with Standard Chartered Bank as exclusive bank distributor of the newly launched Manulife Pendapatan Bulanan, an open-end income fund designed to provide investors with a high degree of principal safety with regular monthly income through investments in Government Bonds. “Standard Chartered Bank and Manulife Aset Manajemen Indonesia have enjoyed a successful strategic partnership over the last one-and-a-half years,” said John Flanders, President Director, Manulife Aset Manajemen Indonesia at today’s signing ceremony. “Manulife Pendapatan Bulanan is an outcome of the close cooperation between both institutions in developing and delivering high quality investment solutions to the investing public in Indonesia.” Standard Chartered Bank Investment Services, established in August 2001, is the largest independent mutual fund distributor in Indonesia. Speaking at the ceremony, Darmadi Sutanto, General Manager, Shared Distribution and Wealth Management, expressed his confidence that the Indonesian mutual fund market will continue to grow, as will the need for more sophisticated financial products. “In line with our commitment to offer the best products to our customers, we have worked together with Manulife Aset Manajemen Indonesia to create Manulife Pendapatan Bulanan, a truly unique fund that offers a safe investment opportunity that provides attractive returns with deposit-like features,” said Darmadi. Manulife Pendapatan Bulanan is a unique concept as it addresses monthly cash flow needs of both individual and institutional investors. Based on the actual performance of the fund, Manulife Aset Manajemen Indonesia will declare monthly income for distribution. The monthly income will be paid out and credited to an investor’s bank account automatically. The fund will invest a minimum of 80 per cent in Government Bonds and a maximum of 20 per cent in money market and Government Treasury instruments. The fund has a target size of 500 million units and was made available for subscription effective June 9, 2003. Investors have the opportunity to invest at net asset value without any subscription fee and they can redeem at net asset value without any redemption fee, if the investments are held for one year or more. Investors wishing to redeem before one year can do so, but are required to pay a small, deferred sales charge of 1.25 per cent on the initial investment amount. Manulife Aset Manajemen Indonesia was the first fund manager to launch an exclusive Government Bond fund, including Phinisi Dana Tetap Pemerintah. Today, more than 80 per cent of the mutual fund industry assets are invested in Government Bonds. “We are quite pleased to note the tremendous interest that Government Bonds has generated for the Indonesian mutual fund industry,” said Li Ming Suryaputra, Chief Investment Officer, Manulife Aset Manajemen Indonesia. “It has opened up a significant investment opportunity for investors seeking safety and competitive returns.” She believes that despite falling interest rates, Government Bonds continues to hold good value in terms of risk-adjusted returns and expects the asset class to dominate the mutual fund industry in the years to come. About Manulife Aset Manajemen Indonesia Established in 1996, Manulife Aset Manajemen Indonesia was the third largest investment manager in Indonesia in terms of assets under management with more than IDR 5,43 trillion as at December 2002, according to Investor Magazine. Currently, Manulife Aset Manajemen Indonesia’s total asset under management is in excess of IDR 6,5 trillion. The company offers the most comprehensive products and services in the investment industry in Indonesia. Headquartered in Jakarta, Manulife Indonesia operates through a network of 72 branches in 33 cities throughout Indonesia with the support of almost 3,600 staff and full-time agents, who serve more than 16,000 mutual fund investors. Manulife Aset Manajemen Indonesia also commands the largest number of licensed mutual fund selling agents in Indonesia. In 2000, Manulife Aset Manajemen Indonesia became the first Indonesian investment manager to receive the prestigious ISO 9001 : 2000 Quality Certification. This certification demonstrates Manulife’s commitment to customer service and continuous improvement. About Manulife Financial Manulife Financial is a leading Canadian-based financial services group operating in 15 countries and territories worldwide. Through its extensive network of employees, agents and distribution partners, Manulife Financial offers clients a diverse range of financial protection products and wealth management services. Funds under management by Manulife Financial were Cdn$141.6 billion as at March 31, 2003. Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com. About Standard Chartered Bank Standard Chartered Bank, with its Head Office in London, is one of the oldest foreign banks in the country. Operating in Indonesia since 1863 when it first established its office in Batavia, the bank today has its principal office in Jakarta and branches in five major cities of Jakarta, Surabaya, Bandung, Medan and Semarang. The network, inclusive of three Investment Centres in major residential areas of Jakarta, is one of the largest among the international banks in Indonesia. The Bank is a member of Standard Chartered Group, an international bank focused on the emerging markets with 500 offices in 50 countries. Standard Chartered Bank currently has 28,000 employees globally and 918 employees in Indonesia. - 30 - For further information, please contact:
|
|
