Monday, September 25, 2023

Batavia Global ESG Sharia Equity USD Now Available on Pluang

December 20, 2021 | 4:00 pm
Wealthtech app Pluang now offers Batavia Global ESG Sharia Equity USD on its platform. (Photo courtesy of Pluang)
Wealthtech app Pluang now offers Batavia Global ESG Sharia Equity USD on its platform. (Photo courtesy of Pluang)

Jakarta. Sustainable mutual fund Batavia Global ESG Sharia Equity USD, also known as BGESEU, has now become the latest addition to wealth tech platform Pluang.

BGESEU’s launch is part of Pluang’s partnership with fund manager Batavia Prosperindo Asset Management (BPAM). 

Facilitating the transactions is Pluang Grow (PT Sarana Santosa Sejati) — a mutual fund selling agent (APERD) registered in Financial Services Authority (OJK).

According to Pluang’s press statement, BGESEU is the first and only global mutual fund in Indonesia that embraces the so-called environment, social, and governance (ESG) principles. Its launch also makes Pluang Grow as the only wealth tech platform in the country that offers BGESEU to Indonesia’s retail investors. The dollar-denominated sharia mutual fund also helps investors to gain exposure to the global market.

"Pluang finds sustainability to be a very important matter, and we are very proud to be working with BPAM,” Pluang co-founder Claudia Kolonas said in a press statement on Monday.

“This USD-mutual fund is a great breakthrough in the wealthtech industry, so anyone can invest while contributing to a sustainable future,” she added.

Investors are becoming more socially conscious. Blackrock People and Money Survey polled more than 8,000 investors in Asia between November 2019 and January 2020. 

“About 68 percent of investors want their investments to consider ESG aspects. By investing on BGESEU, investors have an opportunity to reap better returns, [have] a reliable portfolio while creating a positive impact,” BPAM president director Lilis Setiadi said.

BPAM works closely with the world’s largest asset manager, BlackRock Inc., in overseeing BGESEU. BlackRock Inc. has amassed $9.5 trillion in managed assets, and will serve as a technical advisor to BGESEU management. 

BGESEU's investor funds will be placed in the shares of global ESG-conscious firms. For instance, BGESEU’s top holdings, which include global behemoths Johnson & Johnson, Adobe, as well as Procter & Gamble, among others.

Powering BGESEU is a combination between human knowledge on investments and cutting edge technologies like machine learning, big data. And by making ESG-based investments, investors can play a role in encouraging corporations to double down on sustainability, among others, by reducing carbon footprint.

BGESEU is available on purchase on both the Android version starting December 16th 2021 and iOS version starting January 2022 on Pluang app. 

There are also 17 other mutual funds to select from on Pluang for investors to further diversify their portfolio.

Purchasing BGESEU requires investors to complete their know-your-customer (KYC) verification first. Investors must also submit a dollar-denominated foreign exchange account. BGESEU investment starts from $10,000 or about Rp 140 million.

Users can sign up via Pluang's relationship manager for special benefits such as personal assistance in mutual fund transactions and monthly market updates. Contact for more information. 

Tags: Keywords:


News 1 hours ago

Thousands of Armenians Flee Nagorno-Karabakh as Erdogan Visits Azerbaijan

The Armenian government said that 4,850 Nagorno-Karabakh residents had fled to Armenia as of midday Monday.
News 2 hours ago

Muhammad Sejahtera Wins Indonesia's First Gold Medal in Hangzhou Asian Games

Indonesia's medal tally now stands at six, including one gold, one silver, and four bronze medals.
News 2 hours ago

UK Keeps Eye on Smart City Nusantara: British Envoy

The UK is keeping an eye eye on Indonesia’s new capital city of Nusantara, and was open to see if opportunities for a partnership.
Business 8 hours ago

Indika Energy Sells Coal Mine to Petrindo Jaya for $218 Million

The company aims to increase the share of non-coal businesses in its overall revenue to 50 percent by 2025.
Lifestyle 12 hours ago

Colossal Music Fest Semesta Berpesta Comes to Surabaya ​​​​​​​

The two-day event brought a line-up packed with pop stars and rock bands, including J-Rocks and Okaay.