BNP Paribas Asset Management. Ltd joins hands with Bank DBS Indonesia to present BNP Paribas IDX Growth30 Index Mutual Fund | Bahasa
The first index mutual fund to fully replicate the constituents of the IDX Growth30 Index
Give investors access to IDX Growth30 stocks efficiently and transparently
The IDX Growth30 Index measures the performance of 30 stocks that have high liquidity revenue and good financial performance
Priyo Santoso, President Director of PT BNP Paribas AM, said, “Index mutual funds are increasingly popular in Indonesia and are in great demand by retail and institutional customers. Therefore, on this occasion, we provide access and accommodate customer demands to invest in a portfolio of stocks with good net profit growth in Indonesia through the most transparent and efficient method. BNP Paribas IDX Growth30 is a solution for investors who want to diversify while still emphasising the importance of a company's fundamentals.”
The launch of BNP Paribas IDX Growth 30, a result of collaboration between PT BNP Paribas AM and Bank DBS Indonesia, further strengthened the strategy of both parties in supporting investors, especially novice investors, to start investing and achieve potential long-term investment returns.
“We welcome this partnership with Bank DBS because we share the same strategy to improve investor education in Indonesia. With Bank DBS’ extensive distribution network of mutual fund products, we believe we can carry out our common mission to provide retail and professional investors with access to innovative investment solutions in an ever-evolving market,” said Priyo.
Paulus Sutisna, President Director of PT Bank DBS Indonesia, added, “The launch of BNP Paribas IDX Growth30 in collaboration with BNP Paribas Asset Management is in line with Bank DBS Indonesia's mission to provide a wide selection of investment products that can help customers develop their portfolios. As a purpose-driven and positive impact bank, Bank DBS Indonesia welcomes similar strategic partnerships to provide a range of relevant innovative products as testament to our commitment so that customers can Live More, Bank Less.”
The IDX Growth30 Index is an index launched by the Indonesia Stock Exchange to measure the performance of 30 stocks that have a growth trend in stock prices relative to net profit and revenue with high trading liquidity and fundamentals. Considering its historical performance over the last seven years, the IDX Growth30 index shows a relatively better performance in bull market conditions. The index has recorded a price return of 37.89%2 since its launch, exceeding other indices in the market such as the JCI (35.31%), LQ45 (26.04%), and IDX30 (32.16%). The strong performance was driven by the growth of index constituents, most of them best-performing sectors even during the pandemic, including the financial sector, infrastructure, raw materials, non-primary consumers, and health sectors.
BNP Paribas IDX Growth30 aims to replicate the constituents of the IDX Growth30 index. “We believe that index mutual funds are the best solutions for investors who want to start investing in the capital market because they are easy and transparent to monitor. Investors can easily monitor the movement of mutual funds, indices, and their constituents at any time, through publicly available media,” Priyo said in conclusion.
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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.