PT Mandiri Manajemen Investasi (MMI) has targeted its managed fund or asset under management (AUM) to reach Rp50 trillion this year.
President Director of PT Mandiri Manajemen Investasi Muhammad Hanif said, in the first quarter of 2017 the company has recorded AUM at Rp42.17 trillion or grew 8.49% compared to last year’s Rp38.8 trillion.
“Our managed funds target until the end of the year is between Rp47.5 trillion and Rp 50 trillion. We are optimistic that as of the first quarter of 2017 it has reached Rp42.17 trillion,” Hanif said at a press conference in Jakarta on Tuesday (5/2).
To reach this year’s managed fund target, the company will focus more on protected mutual funds. According to him, the mutual funds are in a high demand and in accordance with the investor market in Indonesia.
“Until the end of March 2017, the total AUM protected mutual funds reached Rp12.58 trillion or grew 21.6% year-to-date with our larger AUM growth is supported by protected mutual funds and money market mutual funds,” he said.
Hanif also said that the managed fund in money market mutual funds of Mandiri Investasi in the first quarter of this year grew 13.4% year to date to Rp5.16 trillion. Meanwhile, the equity, mixed and fixed income mutual funds also keep growing.
“So, until the end of the first quarter of 2017, the total of Open Investment Fund from Mandiri Investasi reached Rp35.37 trillion, or growing 12.5%, higher than the 7.4% growth of the industry,” he explained.
According to him, the strategic initiative to be applied by Mandiri Investasi to achieve the target was by prioritizing the fund-raising from protected mutual funds, Renewable Energy Equity of RDPT, KIK-EBA Infrastructure and the development of Moinves online services.