Eastspring Indonesia and Bank DBS Indonesia launch Eastspring ESGQ45 IDX KEHATI Index Fund, an ESG-based investment solution | Bahasa
Indonesia.22 Nov 2024.3 min read
Indonesia, 22 Nov 2024 - PT Eastspring Investments Indonesia (“Eastspring Indonesia”), an investment manager institution, in collaboration with Bank DBS Indonesia as the custodian bank, launched the Eastspring ESGQ45 IDX KEHATI Index Fund, an investment solution for a sustainable future. The product launch was attended by Eastspring Investments Indonesia Director Sulystari; Head of Institutional Banking Group at PT Bank DBS Indonesia Kunardy Lie; Head of Global Transaction Services at PT Bank DBS Indonesia Dandy Pandi; Executive Director of KEHATI Foundation Riki Frindos; and Head of Business Development Division 2, Indonesia Stock Exchange Ignatius Denny Wicaksono.
This collaboration demonstrates Bank DBS Indonesia and Eastspring Indonesia's commitment to becoming an integral part of people's financial planning that focuses on environmental, social, and governance (ESG) factors and to focusing on investments that are environmentally friendly, socially responsible and uphold high ethical values. The Eastspring ESGQ45 IDX KEHATI Index Fund is an ideal option for individuals seeking a long-term investment product while contributing positively to the environment and society.
Eastspring Indonesia Director, Sulystari said, “Eastspring Indonesia offers the Eastspring ESGQ45 IDX KEHATI Index Fund, denominated in rupiah. As the first mutual fund to use the ESGQ45 IDX KEHATI Index, this product is suitable for investors who consider the ESG factors in investing. This is because the index constituents of the investment instruments are shares of companies who are leaders in environmental, social and governance (ESG) ratings. By implementing ESG practices, Eastspring Indonesia hopes to provide solutions for investors as well as be part of the implementation of sustainable investment in the Indonesia Capital Market. This is also in line with the commitment of mutual fund industry players, supported by the Financial Services Authority (OJK), to continuing to increase the variety of index-based investment products.”
Eastspring ESGQ45 IDX KEHATI Index Fund places 80-100 percent of its investments in equity shares offered through public offerings and traded on the Indonesia Stock Exchange, derived from a collection of securities listed on the ESG Quality 45 IDX KEHATI Index. In addition, this mutual fund can place a maximum of 20 percent of its investments in equity shares traded both at home and abroad, domestic money market instruments with a maturity date of not more than 1 (one) year, and/or deposits.
The IDX KEHATI ESGQ45 Index contains stocks with an ESG performance assessment above their industrial average value on the Indonesia Stock Exchange. The list of stocks in the IDX KEHATI ESGQ45 Index is reviewed and updated in May and November. During the evaluation, the weight of each stock in the index is limited at most to 15 percent, with the weighting of each stock is at least 80 percent and at most 120 percent of the weight of each stock in the IDX KEHATI ESG Quality 45 Index. The evaluation process also measures the level of deviation (tracking error) of the performance of EASTSPRING ESGQ45 IDX KEHATI from the performance of the ESG Quality 45 IDX KEHATI Index that serves as the benchmark.
Head of Institutional Banking Group PT Bank DBS Indonesia, Kunardy Lie said, “As a bank with a vision to be the ‘Best Bank for A Better World’, Bank DBS Indonesia strongly supports customer services that have a commitment to ESG, not only for the investment manager (MI) segment, but also for other financial institutions, including insurance companies, pension fund managers, commercial banks, corporate customers and retail customers (individuals). The collaboration with Eastspring Indonesia and KEHATI Foundation to launch this product is a concrete manifestation of our first sustainability pillar, Responsible Banking.”
As a custodian bank, Bank DBS Indonesia has a track record of more than 18 years in providing core custodial services that include securities transaction settlement services, custody and safekeeping and corporate action processing. In addition, Bank DBS Indonesia also provides investment fund administration services (Fund Administration) that include investment fund accounting services to calculate net asset value (NAV), investor transaction services such as subscription & redemption, and also provides compliance monitoring services. As a leading custodian service provider both in Indonesia and globally, Bank DBS Indonesia is recognised for its digital technology innovation and commitment to sustainability. This is also demonstrated by the Bank DBS Indonesia’s ability to provide custodial services for digital assets.
Head of Global Transaction Services at PT Bank DBS Indonesia, Dandy Pandi said, “Currently, Bank DBS Indonesia serves more than 100 mutual fund products, and so far in 2024 has served more than 120,000 underlying asset transactions (up 15 percent YoY). So far in 2024 (ytd), for investment unit holders we have processed more than 2 million transactions of investment fund units (up 40 percent YoY). In addition, we have also seen a growing demand from fund managers to create ESG-themed mutual funds. Thus, the Eastspring ESGQ45 IDX KEHATI Index Fund is the second ESG-based mutual fund that we administer, complementing our sustainable investment portfolio.”
“Eastspring Indonesia is committed to implementing responsible investment decisions, as demonstrated by the signing of the Principles for Responsible Investment (PRI). It is hoped that the Eastspring ESGQ45 IDX KEHATI Mutual Fund can enrich products with variants and provide an increasingly attractive investment mix for investors who prefer mutual funds with index-based strategies (passively managed) that have historically provided optimal returns,” Sulystari added.
The PRI is a voluntary programme supported by the United Nations and covers six principles that integrate environmental, social and governance issues into investment decision making. This is aligned with the ESG strategy of our group, Prudential plc, which has pledged commitment to responsible investment as a global asset owner and investment manager. Eastspring Indonesia believes that every company has an important role to play in realising a low carbon economy. Eastspring Indonesia aims to include 65 percent carbon responsible companies in its investment portfolio.
On the same occasion, KEHATI Foundation Executive Director Riki Frindos also welcomed the offering of the Eastspring ESGQ45 IDX KEHATI Index Fund to the public. In addition to focusing on financial returns, ESG-based investments also aim to have a positive impact on the environment and society, and investors indirectly contribute to sustainable development. Riki explained that ESG-focused investments tend to have lower risks. They are better able to anticipate regulatory dynamics, climate change challenges and other environmental issues, as well as social issues that could negatively impact the business.
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About Eastspring Investments Indonesia
PT Eastspring Investments Indonesia (“Eastspring Indonesia”) is one of the largest asset management companies in Indonesia with assets under management of more than IDR61.24 trillion as of October 31, 2024, including mutual funds and discretionary funds. Supported by qualified and experienced professionals in the field of investment management and mutual funds, Eastspring Indonesia is fully committed to providing quality financial services to meet the various investment needs of customers.
Eastspring Indonesia obtained its license from the Financial Services Authority (OJK) in April 2012 and currently manages 15 (fifteen) mutual fund products, namely 4 (four) equity funds, 5 (five) fixed income funds, 2 (two) money market funds, 1 (one) index fund and 3 (three) protected funds, of which 5 (five) are sharia mutual funds. Eastspring Indonesia mutual fund products are marketed by 27 leading distribution partners consisting of banks, securities and investment applications. For more information, please visit eastspring.com/id.
About Eastspring Investments
Eastspring Investments is an asset manager in Asia that manages over USD271.4 billion of assets on behalf of institutional and retail clients as of September 30, 2024. Operating in Asia since 1994, Eastspring Investments is the Asian asset management business of Prudential plc1, an international financial services group. Eastspring Investments offer investment solutions across equity, fixed income, multi-asset, money market, Islamic and discretionary funds, and is committed to delivering high quality investment returns for our clients over the long term. Eastspring Investments is a signatory to the United Nations-endorsed Principles for Responsible Investment (PRI), a voluntary programme that promotes best practices in environmental, social and corporate governance issues. More information is available at eastspring.com.
1Prudential plc is not affiliated in any way with Prudential Financial, Inc. which has its principal place of business in the United States or with Prudential Assurance Company Limited, a subsidiary of M&G plc, an incorporated company in the United Kingdom.
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.
This collaboration demonstrates Bank DBS Indonesia and Eastspring Indonesia's commitment to becoming an integral part of people's financial planning that focuses on environmental, social, and governance (ESG) factors and to focusing on investments that are environmentally friendly, socially responsible and uphold high ethical values. The Eastspring ESGQ45 IDX KEHATI Index Fund is an ideal option for individuals seeking a long-term investment product while contributing positively to the environment and society.
Eastspring Indonesia Director, Sulystari said, “Eastspring Indonesia offers the Eastspring ESGQ45 IDX KEHATI Index Fund, denominated in rupiah. As the first mutual fund to use the ESGQ45 IDX KEHATI Index, this product is suitable for investors who consider the ESG factors in investing. This is because the index constituents of the investment instruments are shares of companies who are leaders in environmental, social and governance (ESG) ratings. By implementing ESG practices, Eastspring Indonesia hopes to provide solutions for investors as well as be part of the implementation of sustainable investment in the Indonesia Capital Market. This is also in line with the commitment of mutual fund industry players, supported by the Financial Services Authority (OJK), to continuing to increase the variety of index-based investment products.”
Eastspring ESGQ45 IDX KEHATI Index Fund places 80-100 percent of its investments in equity shares offered through public offerings and traded on the Indonesia Stock Exchange, derived from a collection of securities listed on the ESG Quality 45 IDX KEHATI Index. In addition, this mutual fund can place a maximum of 20 percent of its investments in equity shares traded both at home and abroad, domestic money market instruments with a maturity date of not more than 1 (one) year, and/or deposits.
The IDX KEHATI ESGQ45 Index contains stocks with an ESG performance assessment above their industrial average value on the Indonesia Stock Exchange. The list of stocks in the IDX KEHATI ESGQ45 Index is reviewed and updated in May and November. During the evaluation, the weight of each stock in the index is limited at most to 15 percent, with the weighting of each stock is at least 80 percent and at most 120 percent of the weight of each stock in the IDX KEHATI ESG Quality 45 Index. The evaluation process also measures the level of deviation (tracking error) of the performance of EASTSPRING ESGQ45 IDX KEHATI from the performance of the ESG Quality 45 IDX KEHATI Index that serves as the benchmark.
Head of Institutional Banking Group PT Bank DBS Indonesia, Kunardy Lie said, “As a bank with a vision to be the ‘Best Bank for A Better World’, Bank DBS Indonesia strongly supports customer services that have a commitment to ESG, not only for the investment manager (MI) segment, but also for other financial institutions, including insurance companies, pension fund managers, commercial banks, corporate customers and retail customers (individuals). The collaboration with Eastspring Indonesia and KEHATI Foundation to launch this product is a concrete manifestation of our first sustainability pillar, Responsible Banking.”
As a custodian bank, Bank DBS Indonesia has a track record of more than 18 years in providing core custodial services that include securities transaction settlement services, custody and safekeeping and corporate action processing. In addition, Bank DBS Indonesia also provides investment fund administration services (Fund Administration) that include investment fund accounting services to calculate net asset value (NAV), investor transaction services such as subscription & redemption, and also provides compliance monitoring services. As a leading custodian service provider both in Indonesia and globally, Bank DBS Indonesia is recognised for its digital technology innovation and commitment to sustainability. This is also demonstrated by the Bank DBS Indonesia’s ability to provide custodial services for digital assets.
Head of Global Transaction Services at PT Bank DBS Indonesia, Dandy Pandi said, “Currently, Bank DBS Indonesia serves more than 100 mutual fund products, and so far in 2024 has served more than 120,000 underlying asset transactions (up 15 percent YoY). So far in 2024 (ytd), for investment unit holders we have processed more than 2 million transactions of investment fund units (up 40 percent YoY). In addition, we have also seen a growing demand from fund managers to create ESG-themed mutual funds. Thus, the Eastspring ESGQ45 IDX KEHATI Index Fund is the second ESG-based mutual fund that we administer, complementing our sustainable investment portfolio.”
“Eastspring Indonesia is committed to implementing responsible investment decisions, as demonstrated by the signing of the Principles for Responsible Investment (PRI). It is hoped that the Eastspring ESGQ45 IDX KEHATI Mutual Fund can enrich products with variants and provide an increasingly attractive investment mix for investors who prefer mutual funds with index-based strategies (passively managed) that have historically provided optimal returns,” Sulystari added.
The PRI is a voluntary programme supported by the United Nations and covers six principles that integrate environmental, social and governance issues into investment decision making. This is aligned with the ESG strategy of our group, Prudential plc, which has pledged commitment to responsible investment as a global asset owner and investment manager. Eastspring Indonesia believes that every company has an important role to play in realising a low carbon economy. Eastspring Indonesia aims to include 65 percent carbon responsible companies in its investment portfolio.
On the same occasion, KEHATI Foundation Executive Director Riki Frindos also welcomed the offering of the Eastspring ESGQ45 IDX KEHATI Index Fund to the public. In addition to focusing on financial returns, ESG-based investments also aim to have a positive impact on the environment and society, and investors indirectly contribute to sustainable development. Riki explained that ESG-focused investments tend to have lower risks. They are better able to anticipate regulatory dynamics, climate change challenges and other environmental issues, as well as social issues that could negatively impact the business.
[END]
About Eastspring Investments Indonesia
PT Eastspring Investments Indonesia (“Eastspring Indonesia”) is one of the largest asset management companies in Indonesia with assets under management of more than IDR61.24 trillion as of October 31, 2024, including mutual funds and discretionary funds. Supported by qualified and experienced professionals in the field of investment management and mutual funds, Eastspring Indonesia is fully committed to providing quality financial services to meet the various investment needs of customers.
Eastspring Indonesia obtained its license from the Financial Services Authority (OJK) in April 2012 and currently manages 15 (fifteen) mutual fund products, namely 4 (four) equity funds, 5 (five) fixed income funds, 2 (two) money market funds, 1 (one) index fund and 3 (three) protected funds, of which 5 (five) are sharia mutual funds. Eastspring Indonesia mutual fund products are marketed by 27 leading distribution partners consisting of banks, securities and investment applications. For more information, please visit eastspring.com/id.
About Eastspring Investments
Eastspring Investments is an asset manager in Asia that manages over USD271.4 billion of assets on behalf of institutional and retail clients as of September 30, 2024. Operating in Asia since 1994, Eastspring Investments is the Asian asset management business of Prudential plc1, an international financial services group. Eastspring Investments offer investment solutions across equity, fixed income, multi-asset, money market, Islamic and discretionary funds, and is committed to delivering high quality investment returns for our clients over the long term. Eastspring Investments is a signatory to the United Nations-endorsed Principles for Responsible Investment (PRI), a voluntary programme that promotes best practices in environmental, social and corporate governance issues. More information is available at eastspring.com.
1Prudential plc is not affiliated in any way with Prudential Financial, Inc. which has its principal place of business in the United States or with Prudential Assurance Company Limited, a subsidiary of M&G plc, an incorporated company in the United Kingdom.
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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