DBS Treasures distributes Batavia Technology Sharia Equity USD mutual fund to expand investment opportunities in the technology sector in the global market | Bahasa

Indonesia, 17 Feb 2022 - According to the We Are Social Indonesia 2021 report, 202.6 million people or 73.6% of Indonesia's population are internet users. A Gartner survery in 2021 shows that demand for digital products increased by 83% globally, and is projected to accelerate the overall digital transformation. According to the World Bank, investment in the digital economy sector accounts for 15.5% of global GDP, growing 2.5 times faster than in the last 15 years. In view of this opportunity, DBS Treasures and Batavia Prosperindo Asset Management collaborated to launch Batavia Technology Sharia Equity USD Fund, a mutual fund product that invests predominantly in technology development and advancement, including in the utilisation of communication technology services and equipment. As part of a personalised wealth management strategy, the instrument completes the comprehensive range of investment solutions for customers to manage and grow their wealth with DBS Treasures.

Djoko Soelistyo, Head of Investment Product & Advisory, PT Bank DBS Indonesia, stated, “DBS Treasures as a trusted wealth management partner, proactively analyses and communicates solutions to suit customers' financial needs based on the latest market conditions. Therefore, we see this product as an investment alternative for customers seeking to diversify their portfolios by investing in products with USD denomination, as well as a solution to maximise new economic opportunities in the technology industry and industry digitalisation. digibank by DBS gives customers investment flexibility and freedom in developing their portfolios, with a versatile mutual fund strategy that includes investment in offshore products, facilitates Single Investor Identity (SID) registration, buying and selling, even online switching anywhere and anytime. On top of that, the flagship foreign exchange transfer feature enables customers to send funds to more than 20 countries in seven foreign currencies.”

Lilis Setiadi, President Director of PT Batavia Prosperindo Aset Manajemen, said, “Today, we present Batavia Technology Sharia Equity USD mutual fund to meet the needs of investors who want to increase exposure in the technology sector on the global market. This product is managed actively to optimise potential investment returns for customers and manage risks that arise from market movements. The partnership with Franklin Templeton, with its experience and global capabilities as technical advisor, and supported by the implementation of sharia principles in stock screening, make the mutual funds the right choice for customers who want to gain investment exposure in one of the current biggest global megatrends.”

“The product offer has further strengthened DBS Treasures’ vision as a digital-to-the-core bank, including its digital banking innovation through the digibank by DBS application to meet customers’ needs to invest in digitally resilient sectors. Previously, customers must pass through a time-consuming manual process to receive the latest status of their transactions. The features of the digibank by DBS app facilitate and fasten the process by enabling customers to make transactions anytime and anywhere, tracking transactions in real-time, transparently, and informatively,” Djoko concluded.

 

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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 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 13 consecutive years from 2009 to 2021.

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 SGD 50 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. For more information, please visit www.dbs.com.