Bank DBS Indonesia and Mandiri Investasi expand access to gold investment through referral partnership for Gold ETF BlackRock (iShares) KPD | Bahasa

Indonesia, 24 Nov 2025 - PT Bank DBS Indonesia (“Bank DBS Indonesia”) and PT Mandiri Manajemen Investasi (“Mandiri Investasi”) have officially entered into a referral partnership for Individual Customer Fund Management (PDNI) or the Gold Exchange-Traded Fund (ETF) BlackRock (iShares) Discretionary Fund Management (KPD). The collaboration expanded the reach of Bank DBS Indonesia's investment solutions while providing a more practical and modern way for Indonesians to invest in gold without needing to store the gold themselves.

The synergy is in line with the demand for hedging assets that has continued to show a positive trend amid rising global market uncertainty. The potential for inflation resulting from the simultaneous implementation of fiscal and monetary easing policies in the United States has further reinforced this urgency. In view of this phenomenon, DBS Chief Investment Officer emphasised the importance of increasing allocations to real assets such as gold to maintain portfolio resilience.

This view is similar to the findings of the World Gold Council (WGC), which noted that gold will be the primary instrument of choice for Indonesian investors in 2025 in maintaining financial resilience and preparing emergency funds. The WGC found that 67 percent of Indonesians invest in various forms of gold, with a high interest in reinvestment to boost savings and protect wealth from global economic uncertainty. The high demand reflects the need for gold as a safe, easily accessible, and efficient instrument.

“The shift in global dynamics means investors must choose instruments that not only maintain value but also offer flexibility for access. Amid market volatility, gold has proven to be an irreplaceable stabiliser. As a trusted partner, we are committed to providing solutions to help customers make the right financial decisions. Through our partnership with Mandiri Investasi, we provide practical access to gold investments to support long-term wealth management strategies,” said Consumer Banking Director PT Bank DBS Indonesia Melfrida Gultom.

The fund management contracts (KPD) ETF Gold offer a new way to invest in gold that is flexible, efficient, and affordable. Investors can gain direct exposure to global gold price movements at a competitive cost and through a more practical mechanism compared to physical gold ownership while enjoying price transparency and adequate liquidity. In addition, gold continues to serve as a safe haven asset that helps maintain portfolio value amid market volatility, making this product a modern and relevant alternative to strengthen long-term investment strategies that fit investors’ portfolio needs.

“The KPD ETF Gold emphasises a balance between growth and risk mitigation. This product is designed for investors who want to integrate gold as part of their medium-term portfolio strategy while still relying on active management to maintain investment performance. The initiative also demonstrates how we continue to drive product innovation in line with market developments and the needs of today's investors,” said Director at Mandiri Investasi Hardiyanto Pilia.

The KPD ETF Gold products managed by Mandiri Investasi uses the underlying iShares Gold Trust (IAU), a Global ETF created by BlackRock designed to accurately track the price movements of physical gold. The product is suitable for investors with an aggressive risk profile and a medium-term investment horison who want exposure to gold through a more modern and measurable instrument.

As one of the largest national investment managers in Indonesia, Mandiri Investasi continues to strengthen its position as an innovation leader in the asset management industry. Its diverse product portfolio includes ETFs, money market mutual funds, fixed income, mixed mutual funds, stocks, alternative investment products, and ESG-based products. The distribution of these products is supported by Mandiri Investasi's network of 43 distribution partners, including banks, securities companies, and fintech service providers in Indonesia and Singapore. Together with Mandiri Investment Singapore, Mandiri Investasi's assets under management have reached more than IDR 62 trillion, reflecting its strong capacity and track record in delivering innovative products that are responsive to market dynamics and investor needs.

As a strategic partner, Bank DBS Indonesia complements this collaboration with its regional network and trusted wealth management solutions, thereby strengthening the added value for customers in accessing broader investment opportunities. Bank DBS Indonesia also provides in-depth research and accurate market guidance through its team of experienced experts, enabling customers to make financial decisions with greater confidence. Embracing the “Live more, Bank less” spirit, Bank DBS Indonesia is committed to providing simple, intuitive, and relevant services to help customers maintain the resilience and growth of their wealth amid market dynamics.

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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 17 consecutive years from 2009 to 2025.

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, 1 Functional Office 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 uplifting lives and livelihoods of those in need. It provides essential needs to the underprivileged, and fosters inclusion by equipping the underserved with financial and digital literacy skills. It also nurtures innovative social enterprises that create positive impact.

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.