Investor Magazine's Best Mutual Fund 2015 award presentation ceremony took place at the Financial Club building in Jakarta on March 4. The award ceremony marked the 14th year the magazine has given awards to mutual fund companies. (BeritaSatu Photo)

Mutual Funds Need 250k Sales Agents

MARCH 05, 2015

Jakarta. Indonesia Mutual Fund Managers Association, or APRDI, estimates the country needs 250,000 mutual funds sales agents in order to meet its target of 5 million-investors and Rp 1,000 trillion ($110.5 billion) total funds under management in 2017.

APRDI will hold education and training programs in order to recruit mutual fund marketers licensed by the Financial Services Authority (OJK), APRDI chairman Denny R Thaher said on Thursday.

“If one sales agent serves 200 retail investors, divide that by 5 million, that’s right: 250,000 agents,” Denny said.

Investor Daily