Jakarta – PT STAR Asset Management (STAR AM) launched the STAR Infobank15 Index Fund, on Monday (31/7). This mutual fund product, which can be purchased starting from Rp100,000, is a smart solution for investors who want to get the benefits and growth of the banking sector without being burdened with the risk of single investment volatility.
STAR Asset Management CEO Reita Farianti said, along with the successful handling of Covid-19 in the country that has recovered, banking has become one of the main driving sectors of the stock index in Indonesia.
Seeing this condition, the STAR Infobank15 Mutual Fund is here to allow investors to invest in the banking sector without the worry and hassle of selecting and studying each bank stock individually.
“In its history, the Infobank15 Index has shown superior performance compared to the performance of the Jakarta Composite Index (JCI) on the Jakarta Stock Exchange,” he said, Monday, July 31, 2023.
He believes that the launch of this new product will provide added value for investors and help seize opportunities in the promising banking sector.
Chief Investment Officer Susanto Chandra added, STAR Infobank15 Index mutual fund products contain various types of banks from conventional to digital banks.
Where, the STAR Infobank15 investment product has the largest investment weight in BBRI stocks 18.3 percent, BMRI 17.1 percent, BBCA 10.5 percent and BBNI 9.6 percent. That way, investment in the 4 big caps banks reaches almost 55 percent of the total portfolio.
“The STAR Infobank15 Index Mutual Fund can not only be purchased by institutional investors, but can also be easily purchased by high net worth individual (HNWI) and retail investors by directly contacting START Asset Management,” he explained.
He continued, the STAR Infobank15 Index mutual fund is one of the investment instruments that can be considered, especially for investors who have long-term investment plans.
This is because this mutual fund tends to provide more optimal potential than other investment instruments such as stocks.
“The enthusiasm for this product is good from clients. As of June 30, 2023, in the last 5 years the return on the Infobank15 index has reached 55 percent compared to the JCI of 15 percent, very profitable,” he explained.
It is known, as of June 30, 2022 alone, STAR AM has recorded a total AUM of KPD Mutual Funds of IDR 15.4 trillion and has 30 mutual fund products consisting of Protected Mutual Funds, Money Market Mutual Funds, Fixed Income Mutual Funds, Equity Mutual Funds and Mixed Mutual Funds.
Meanwhile, the issuance of the STAR Infobank15 Index Mutual Fund will complement the existing product variants in STAR AM, increase market share and further expand the reach of investors who have not been covered by existing products.
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Meanwhile, President Director of PT Infoarta Pratama (Infobank) Eko B. Supriyanto added that Infobank is one of the media that plays a major role in conducting mutual fund literacy in the country.
“We have always been a media that encourages people to buy stocks and invest in mutual funds,” he explained.
Especially now, with the presence of the STAR Infobank15 Index Fund which is done with full dedication by the best and quality research team for investors.
“We will continue to do research on Infobank15 until Infobank exists. Because after all, our basis is data,” he explained.
He hopes that the launch of STAR Infobank15 Index Mutual Fund will be a form of contribution to Indonesia. He also expressed his gratitude to all parties who have participated in this mutual fund product.
“I would like to thank all parties. Hopefully this is the beginning for all of us. And, for anyone who buys this mutual fund, the profit will be high,” he concluded. (*)
