Bank DBS Indonesia and Manulife Launch Three New Investment Funds | Bahasa

Indonesia.08 Apr 2021.3 min read
Indonesia, 08 Apr 2021 - Bank DBS Indonesia and Manulife Indonesia reaffirm their commitment in meeting the evolving needs of customers. Today, the firms announced the launch of three new choices of investment funds through unit-linked insurance products MiTreasure Ultimate Protection [MITUP], MiTreasure Optimax Protection [MITOP], and MiWealth Protection [MWP], namely Manulife Dana Pendapatan Tetap Jangka Pendek Dolar (MDPTJPD), Manulife Dana Ekuitas China Dolar (MDECD), and Manulife Dana Ekuitas Teknologi Global Dolar (MDETGD).

“Our aim is to continually meet the needs of our customers in the manner that is appropriate with their investment portfolio. Indonesian customers and families have the opportunity to plan or diversify their investments through three new investment fund choices that are available through the insurance products of our partner, Manulife Indonesia,” saidPaulus Sutisna, President Director of PT Bank DBS Indonesia.

The launch of these products comes as the market for unit-linked insurance in Indonesia continues to expand. According to data from the Financial Services Authority (OJK), the market share of unit-linked products grew to 64% in October 2020 (ytd), up from 55% in October 2019 (ytd).

The growth in demand reflects the discernible increase in interest among Indonesians for insurance amid the pandemic. The latest Manulife Asia Care survey[1][1], which involved 519 Indonesian respondents and was released in February, showed that almost three quarters (72%) of Indonesians surveyed saying they intend to buy a new policy in the next six months – just above the regional average (71%). Moreover, 88% of Indonesians said that retirement planning has become more important since Covid-19 started.

Ryan Charland, President Director and CEO of Manulife Indonesia, added, “There’s a strong need among Indonesians for financial protection, particularly for the longer term. We listen closely to our customers and are responding to that need. Together with Bank DBS Indonesia, we are innovating and offering new investment choices for customers to give them peace of mind. With the three new investment choices, Indonesian customers and families can enjoy the opportunity to maximize their financial planning.”

The Manulife Dana Pendapatan Tetap Jangka Pendek Dolar (MDPTJPD) places investment funds in Indonesia government short-term bonds, with a fund management strategy that prioritizes stability and controlled volatility.

The Manulife Dana Ekuitas Teknologi Global Dolar (MDETGD) and Manulife Dana Ekuitas China Dolar (MDECD) funds are both equities funds. The MDETGD equities fund offers investors a means to tap the potential of the rapidly growing technology sector, one that’s benefiting from the widespread use of advanced technologies, such as 5G, electric vehicles, artificial intelligence, cloud computing and Internet of Things.

The Manulife Dana Ekuitas China Dolar (MDECD) equities fund gives customers the opportunity to benefit from China’s economic transformation. It invests in the Chinese capital market at an auspicious time for China, one where digitalization, urbanization, and growth in consumption, automation, and healthcare services have propelled its economy forward. It is now the world’s second largest economy after the United States. China’s economy is projected to overtake the US as the world’s largest by 2028. China is transforming its economy from one based around manufacturing to one that’s more advanced and innovative with the services sector as the main engine of growth.

The launch of these funds reinforces the partnership of Bank DBS Indonesia and Manulife that began in 2016. To date, Bank DBS Indonesia and Manulife Indonesia have introduced a series of products ranging from unit-linked and life to health insurance, all in response to customer needs.

 

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About DBS

DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 12 consecutive years from 2009 to 2020.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SG50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 29,000 staff, representing over 40 nationalities. For more information, please visitwww.dbs.com.

[1][1] This version of the Manulife Asia Care Survey was conducted via online self-completed questionnaires in eight markets, namely Mainland China, Hong Kong, Indonesia, Japan, Malaysia, Philippines, Singapore and Vietnam. A total of 3,946 people, aged 25 years old or above, was surveyed in November 2020. In Indonesia, 519 people were insurance owners and those who did not own insurance but intended to buy it in the next six months.