The company aims to raise IDR 2 trillion in assets under management with new funds
Jakarta– To meet the increasing demand from Indonesian investors in equity-based mutual funds, Manulife Aset Manajemen Indonesia (MAMI), one of the largest investment management companies in Indonesia, today announces the launch of three new mutual funds. The new funds include an equity fund (Manulife Saham Andalan) and two balanced funds (Manulife Dana Tumbuh Berimbang and Manulife Dana Stabil Berimbang), which combine equity, fixed income and money market assets.
The funds, which will be Indonesian Rupiah denominated, will be available to both retail and institutional investors.
“We have created Manulife Saham Andalan, Manulife Dana Tumbuh Berimbang and Manulife Dana Stabil Berimbang to provide investors with a wider choice of investment strategies and asset allocation options and to satisfy the growing demand for equities solutions” said Naresh Krishnan, the President Director of Manulife Aset Manajemen Indonesia at a press conference in Hotel Intercontinental, Jakarta, Thursday (1/11).
Manulife Saham Andalan – equity fund
“Manulife Saham Andalan aims to generate higher returns by investing in companies in sectors that are well placed to capitalize on emerging opportunities in both the global and Indonesian economies,” said Raymond Gin, Director and Head of Equities of Manulife Aset Manajemen Indonesia, who was also present at the event. “It allocates 80-98% in equities, 0-18% in fixed income and 2-20% in money markets and aims to invest in domestic companies which the MAMI considers offer the best growth potential in their selected sectors.”
Manulife Dana Tumbuh Berimbang – balanced fund
“Furthermore, Manulife Dana Tumbuh Berimbang is targeted at those investors who are looking to generate investment growth via exposure to Indonesian equities, balanced with investment in fixed income and money markets which have lower risk,” he added. This balanced mutual fund’s portfolio composition is 50-75% in equities, 5-50% in fixed income and 5-50% in money markets.
Manulife Dana Stabil Berimbang – balanced fund
“Meanwhile, Manulife Dana Stabil Berimbang has been created for investors who aim to generate stable investment growth by means of a more conservative asset allocation in equities, fixed income and money market instruments,” explained Raymond. Manulife Dana Stabil Berimbang’s asset mix aims to invest between 10-30% in equities, 5-75% in fixed income and 5-75% in money markets instrument.
Raymond explained: “The newly launched equity and balanced funds can invest up to 15% in offshore listed stocks. We will focus of overseas companies operating in the region with exposure to the Indonesian economy, specifically in sectors and stocks that we consider to offer the potential for good earnings’ growth.”
David Beynon, the President Commissioner of Manulife Aset Manajemen Indonesia, said: “We are targeting to bring in IDR 2 Trillion of asset under management from these three new products by end of 2008. Our mutual fund assets under management have grown nearly 50 per cent from December 2006 to September 2007 and with the launch of these new mutual funds, we are confident that we will continue to see excellent growth in this business.”
As at July 2007, the total asset under management of Manulife Aset Manajemen Indonesia stands at IDR 15.93 Trillion, which includes mutual funds and discretionary mandates, making MAMI the second largest fund house in terms of funds under management in Indonesia1. Manulife launched its mutual fund business in 1998 and currently commands in excess of 9% market share in terms of assets under management in the national mutual fund industry1.
Having established a solid reputation in the fixed income funds category with the successful launch of various exclusive Government Bond funds, MAMI is well positioned to replicate the same in Equity and Balanced funds through the launch of these 3 new products.
HSBC has been appointed as the custodian for the three newly launched mutual funds. “Following a review, we selected HSBC Securities Services to provide the custody, fund accounting and administrative services for these three mutual funds as they have the reputation, technology, and expertise that we require”, commented Naresh Krishnan, President Director of Manulife Asset Management Indonesia.
About Manulife Aset Manajemen Indonesia
Established in 1996, PT. Manulife Aset Manajemen Indonesia (MAMI), a member of Manulife Financial, offers investment management and mutual fund products in Indonesia.
Since its establishment, Manulife Aset Manajemen Indonesia has consistently maintained its position as one of the leading investment management companies in the Indonesian mutual fund industry. Currently, MAMI serves more than 30,000 mutual fund investors.
The keys to success are: a focus on customers, distribution excellence, innovative products (such as Phinisi Dana Tetap Pemerintah and Manulife Pendapatan Bulanan) and superior risk and investment management.
Manulife Financial that has been operating in Indonesia for the last 22 years. This business group serves over 1,000,000 clients across all business units in Indonesia. Manulife Financial enjoys market leadership in life insurance, pension funds, investment management and mutual fund businesses.
Manulife Aset Manajemen Indonesia has the largest licensed mutual fund selling agency force in Indonesia. The company’s products are sold across the archipelago through more than 1,600 mutual fund selling agents from 100 Manulife offices in more than 20 cities in Indonesia from Banda Aceh to Jayapura.
In addition to Manulife Indonesia’s exclusive full time agents, MAMI products are also distributed through leading banks such as ABN AMRO Bank, American Express Bank, Bank Commonwealth, Bank Internasional Indonesia, Bank Mandiri, Bank Niaga, Bank UOB Buana, Deutsche Bank, Development Bank of Singapore, Standard Chartered Bank and The Hongkong Shanghai Banking Corporation.
About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$410 billion (US$386 billion) as at June 30, 2007.
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.
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Notes to editors
1According to the Indonesia Capital Market and Financial Institution Supervisory Agency (Bapepam-LK).
For further information, please contact:
Djie Po Lin, Head - Marketing & Communications
PT Manulife Aset Manajemen Indonesia
Telepon (62-21)-23559966 ext. 1716, Faksimili ( 62-21)-3149841
E-mail : email@example.com