Bank DBS Indonesia & Manulife Aset Manajemen Indonesia launch cooperation to distribute Manulife Indonesia Government Bond II Income Class 2 | Bahasa
Indonesia.21 Nov 2024.3 min read
Enables customers to access alternative investments that provide fixed income and regular dividends
Indonesia, 21 Nov 2024 - Bank DBS Indonesia collaborates with PT Manulife Aset Manajemen Indonesia (MAMI) to distribute its latest share-class mutual fund, Manulife Indonesia Government Bond II Income Class 2 (“MONI II Income Class 2”). The MONI II Income Class 2 mutual fund offers investors a stable and predictable monthly dividend payment, designed specifically for those seeking long-term income stability. The ceremony to mark the distribution of the Manulife Indonesia Government Bond II Income Class 2 Mutual Fund was attended by Consumer Banking Director PT Bank DBS Indonesia Melfrida Gultom and CEO & President Director PT Manulife Aset Manajemen Indonesia Afifa.
Consumer Banking Director PT Bank DBS Indonesia Melfrida Gultom said, “As a trusted wealth management partner, Bank DBS Indonesia presents Manulife Indonesia Government Bond II Income Class 2 with MAMI to help Bank DBS Indonesia's customers strengthen their investment portfolios through diversification, especially in an era of falling interest rates. With a variety of benefits, such as monthly dividends, customers can also enjoy the potential for stable returns, thereby expanding the potential for profit. This partnership with MAMI also demonstrates Bank DBS Indonesia's 'spark' in providing personalised insights with data technology for each customer, as well as investment solutions that are valuable and relevant to customer needs amidst dynamic market conditions.”
In addition to monthly dividend payments, Manulife Indonesia Government Bond II Income Class 2 is available without purchase fees so that customers can maximise their investments from the outset without any deductions. Customers can also enjoy the full benefits of their investment because this product has a zero redemption price feature that maintains the mutual fund portfolio until the specified period.
CEO & President Director of MAMI Afifa said, “We welcome the collaboration between Bank DBS Indonesia and MAMI to launch Manulife Indonesia Government Bond II Income Class 2. This is a strategic step for MAMI in expanding access to inclusive and quality financial solutions. We believe that this product will be the right solution for customers who want flexibility in managing their portfolios, ensuring stable and predictable monthly cash flows and income according to their risk profile in achieving their medium-term investment goals of 5-7 years. We hope this partnership will strengthen the foundation to create more diverse and relevant product innovations in the future.”
The mutual fund industry in Indonesia continues to show positive growth, with the number of investors standing at 13.1 million (Indonesian Central Securities Depository data as of September 2024), up 20 percent (YoY). In addition, data from the Financial Services Authority (OJK) as of September 2024 showed that the total asset under management (AUM) of industrial mutual funds stood at IDR503.5 trillion, with fixed income mutual funds making the largest contribution with AUM reaching IDR155.9 trillion, or 31 percent of the AUM of industrial mutual funds. This figure shows that fixed income mutual funds are one of the preferred instruments of mutual fund investments for the public.
Manulife Indonesia Government Bond II Income Class 2 can be accessed through the digibank by DBS App for efficient transactions 24/7. In addition, for transactions until 31 December 2024, customers can take advantage of exclusive offers and earn up to Rp42 million in cash. For more information, visit https://go.dbs.com/id-utntppromo and download the digibank by DBS App on Google Play Store/App Store (iOS).
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About DBS
DBS is a leading financial services group in Asia with a presence in 19 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 Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. 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 and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 16 consecutive years from 2009 to 2024.
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.
Established in 1989 as part of the Singapore-based DBS Group, PT Bank DBS Indonesia (Bank DBS Indonesia) is one of the banks with the longest history in Asia. Currently operating 1 Head Office, 13 Branch Offices, 16 Assistant Offices and 4 Functional Offices and 3,011 active employees in 15 Major Cities in Indonesia, Bank DBS Indonesia provides comprehensive banking services that focus on the customer experience to 'Live more, Bank less'. We also see a purpose beyond banking and are committed to supporting our customers, employees, and the community towards a sustainable future.
PT Bank DBS Indonesia is licensed and supervised by The Indonesian Financial Services Authority (OJK), and an insured member of Indonesia Deposit Insurance Corporation (LPS).
DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting businesses for impact: enterprises with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping underserved communities with future-ready skills and helping them to build food resilience.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.
Consumer Banking Director PT Bank DBS Indonesia Melfrida Gultom said, “As a trusted wealth management partner, Bank DBS Indonesia presents Manulife Indonesia Government Bond II Income Class 2 with MAMI to help Bank DBS Indonesia's customers strengthen their investment portfolios through diversification, especially in an era of falling interest rates. With a variety of benefits, such as monthly dividends, customers can also enjoy the potential for stable returns, thereby expanding the potential for profit. This partnership with MAMI also demonstrates Bank DBS Indonesia's 'spark' in providing personalised insights with data technology for each customer, as well as investment solutions that are valuable and relevant to customer needs amidst dynamic market conditions.”
In addition to monthly dividend payments, Manulife Indonesia Government Bond II Income Class 2 is available without purchase fees so that customers can maximise their investments from the outset without any deductions. Customers can also enjoy the full benefits of their investment because this product has a zero redemption price feature that maintains the mutual fund portfolio until the specified period.
CEO & President Director of MAMI Afifa said, “We welcome the collaboration between Bank DBS Indonesia and MAMI to launch Manulife Indonesia Government Bond II Income Class 2. This is a strategic step for MAMI in expanding access to inclusive and quality financial solutions. We believe that this product will be the right solution for customers who want flexibility in managing their portfolios, ensuring stable and predictable monthly cash flows and income according to their risk profile in achieving their medium-term investment goals of 5-7 years. We hope this partnership will strengthen the foundation to create more diverse and relevant product innovations in the future.”
The mutual fund industry in Indonesia continues to show positive growth, with the number of investors standing at 13.1 million (Indonesian Central Securities Depository data as of September 2024), up 20 percent (YoY). In addition, data from the Financial Services Authority (OJK) as of September 2024 showed that the total asset under management (AUM) of industrial mutual funds stood at IDR503.5 trillion, with fixed income mutual funds making the largest contribution with AUM reaching IDR155.9 trillion, or 31 percent of the AUM of industrial mutual funds. This figure shows that fixed income mutual funds are one of the preferred instruments of mutual fund investments for the public.
Manulife Indonesia Government Bond II Income Class 2 can be accessed through the digibank by DBS App for efficient transactions 24/7. In addition, for transactions until 31 December 2024, customers can take advantage of exclusive offers and earn up to Rp42 million in cash. For more information, visit https://go.dbs.com/id-utntppromo and download the digibank by DBS App on Google Play Store/App Store (iOS).
[END]
About DBS
DBS is a leading financial services group in Asia with a presence in 19 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 Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. 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 and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 16 consecutive years from 2009 to 2024.
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.
Established in 1989 as part of the Singapore-based DBS Group, PT Bank DBS Indonesia (Bank DBS Indonesia) is one of the banks with the longest history in Asia. Currently operating 1 Head Office, 13 Branch Offices, 16 Assistant Offices and 4 Functional Offices and 3,011 active employees in 15 Major Cities in Indonesia, Bank DBS Indonesia provides comprehensive banking services that focus on the customer experience to 'Live more, Bank less'. We also see a purpose beyond banking and are committed to supporting our customers, employees, and the community towards a sustainable future.
PT Bank DBS Indonesia is licensed and supervised by The Indonesian Financial Services Authority (OJK), and an insured member of Indonesia Deposit Insurance Corporation (LPS).
DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting businesses for impact: enterprises with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping underserved communities with future-ready skills and helping them to build food resilience.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.
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