The local unit of a British asset management company, Schroder Investment Management Indonesia, seeks to increase its assets under management by 10 percent this year, banking on new equity and fixed income funds. (ID Photo/David Gita Roza)

Schroders Indonesia Sees 10% Increase in 2017 AUM

BY :DEVIE KANIA

FEBRUARY 09, 2017

[Updated at 11:04 a.m. on Saturday, Feb 11, 2017, to use Schroders Indonesia trade name in the title and the article]

Jakarta. The local unit of a British asset management company, Schroder Investment Management Indonesia, seeks to increase its assets under management by 10 percent this year, banking on new equity and fixed income funds.

The asset manager, which is the largest in Indonesia in terms of assets under management (AUM), aims to manage Rp 85 trillion ($6.4 billion) in 2017, up from Rp 77 trillion last year, president director Michael Tjoajadi said on Wednesday (08/02).

The company, which uses trading name Schroders Indonesia, managed some Rp 40 trillion in equity mutual funds, while fixed income mutual funds account for about Rp 20 trillion of the company's businesses. The remainder was managed in mixed mutual funds and money market mutual funds.

"We have a long-term target that fixed income mutual funds should be able to contribute up to 40 percent of our assets under management, while the portion of equity mutual funds will be maintained in the position of 50 percent," Michael said.

Schroders Indonesia has also been active in finding bank partners to help it sell the mutual funds to customers.

At the end of last year, the asset manager signed cooperation deals with state-owned mortgage lender Bank Tabungan Negara and the local unit of South Korea's Bank KEB Hana.

SHARE