Widen the Opportunity to Invest in US Market, Bahana TCW Together with Bank DBS Indonesia Provide Bahana US Opportunity Sharia Equity USD | Bahasa
Bahana TCW collaborates with Franklin Templeton to provide US equity based mutual fund investment product
With this collaboration, Bahana TCW strives to present a more diverse investment product for domestic investors, especially to fulfill the investors’ interest in investing at global company. The New product is the first Sharia Mutual Fund in Indonesia with investment strategy that concentrated in the United States market and currently focusing on the technology and healthcare sector. This product actively managed using ESG principles as well.
“We are pleased to offer Franklin Templeton’s investment strategy in Indonesia for the very first time. Our collaboration with Bahana TCW to launch a new mutual fund for Indonesian investors will feature our best-in-class US growth strategy with positive ESG attributes. The strategy has consistently outperformed the benchmark Russell 3000 index in the medium to long term, making it a great diversification option for Bank DBS Indonesian investors. This launch provides a strong foundation for us to establish a competitive advantage in the hugely important Indonesian market and we look forward to expanding our product offering for clients in Indonesia,” said Dora Seow, Regional Head for Southeast Asia (ex Malaysia), Franklin Templeton.
Djoko Soelistyo, Head of Investment Product & Advisory of PT Bank DBS Indonesia responded, “Bank DBS Indonesia continuously enrich the investment products range as we understand the financial needs of customers and the latest market conditions, therefore we collaborate with Bahana TCW to provide Sharia Mutual Fund Bahana US Opportunity Sharia Equity USD which has attractive investment strategy. This product can be purchased through digibank by DBS application which offers investment flexibility and the latitude in developing portfolios, starting from seamless Single Investor Identity (SID) registration, purchase, redeem, and switching online as to support customers in capturing opportunities and optimizing their investment portfolios from anywhere and anytime.”
Investors can transact this Mutual Funds through all channels of Bank DBS Indonesia as the appointed partner to be the first selling agent of the Mutual Fund, including Digibank Mutual Fund that newly launched on early July
“Bahana TCW sees a growing interest of Indonesian Investors to buy stocks based of global technologyand healthcare companies. For that, we enable the access to our investors by collaborating with Franklin Templeton, one of the best investment companies” said Rukmi Proborini, President Director of Bahana TCW in a Press Conference on (July, 21st 2021)
During COVID-19 pandemic, investors’ interest in investing at a global technology giant such as Facebook, Amazon, Apple, Netflix, Google (FAAANG) has grown massively. This is based on the solid business model of digital companies compared to non-digital companies during the COVID-19 pandemic.
Since 1990, Franklin Templeton has undergone many experiences in managing investment products, with a variety of investment products such as, stocks, equity funds, bond mutual fund, mutual fund with offshore assets, and ETF.
Meanwhile, the mutual product from the collaboration of Bahana TCW and Franklin Templeton is believed to have more competitive returns because the trades securities are on the United States stock market. Stock trading in the united states, such as New York Stock Exchange and Nasdaq, recorded a higher yield compared to stock markets in other develop countries such as Europe, Japan and historically developing countries.
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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 visit www.dbs.com.
About PT Bahana TCW Investment Management
For more than 25 years, PT Bahana TCW Investment Management has managed to overcome various economic crises, both domestic and global. This experience in dealing with crises has shaped PT Bahana TCW Investment Management into an investment management company that continues to stand firm and is trusted by the public.
PT Bahana TCW Investment Management is a subsidiary of the State-Owned Enterprises (BUMN), Indonesia Financial Group (IFG) and the Global Investment Manager Company from Los Angeles, United States, Trust Company of the West (TCW).
PT Bahana TCW Investment Management is ranked in the top three of the best Mutual Fund industry in the country with assets under management reaching Rp 48.60 trillion as of June 30, 2021. This shows the high public trust so far.
