Wednesday, October 4, 2023

Eastspring, Pluang Partner to Offer Mutual Funds

March 28, 2022 | 1:58 pm
SHARE
(Photo Courtesy of Pluang)
(Photo Courtesy of Pluang)

Jakarta. Investment manager Eastspring Investments Indonesia announced on Monday its partnership with mutual funds sales agent PT Sarana Santosa Sejati or Pluang Grow and its fintech platform counterpart PT Bumi Santosa Cemerlang (Pluang).

Eastspring and Pluang have agreed to offer mutual funds to Indonesia’s retail investors. With the partnership, Pluang users can now invest on Eastspring Investments Value Discovery Kelas A and the dollar-based Eastspring Syariah Equity Islamic Asia Pacific USD Kelas A (sharia equity). 

According to Eastspring Indonesia president director Alan J. Tangkas Darmawan, Eastspring is seeing an uptrend in its sales via mutual fund sales agents. The sales via the said agents will also continue to increase from year to year, as technology has made investing easier than ever.

“With the rapid growth of online transactions, we hope that Pluang enables customers to easily access Eastspring Indonesia regardless of the location and time. We believe that Pluang is a trustworthy and professional mutual funds sales agent,” Alan said.

The Indonesian Central Securities Depository (KSEI) reported that the number of mutual fund investors reached 6 million as of Oct. 19, 2021. This recorded a 89.08 year-to-date growth – the highest when compared to stock or government securities investor growth. KSEI recorded that the total asset value of mutual funds were worth Rp 799.26 trillion ($55.72 billion) within the same period.

“The rapid growth of mutual funds investors is a boon to the national economy because the investors’ enthusiasm remain high during the Covid-19 pandemic,” Pluang Co-Founder Claudia Kolonas said.  

“The millennial generation is key in expediting this growth, supported by KSEI’s data that reported that most retail investors are under 30 and around 30-40 years old of about 81.02 percent. This investor growth is in line with the overall increase in the number of transactions by Pluang users from January 2020 to December 2021, which jumped 33-fold,” Claudia added.

Pluang enables users to invest in various asset classes all in one app. Aside from mutual funds, Pluang offers digital gold, crypto assets, Micro E-Mini Index Futures, and US Stock CFD.

Tags: Keywords:
SHARE

POPULAR READS


News 6 hours ago

PSI Attracts Over 13,000 New Members Following Kaesang's Election as Chairman

In the 2019 election, PSI failed to secure seats in the House of Representatives due to not meeting the 4 percent threshold.
Business 7 hours ago

Indonesia Defends Nickel Appeal Amid WTO's Appellate Body Crisis

Since late 2019, the WTO does not have a functioning appelate body crisis after the US blocked appointment of its members.
News 7 hours ago

Trump Turns His Fraud Trial into a Campaign Stop

The dynamic was on full display Monday as the former president and GOP front-runner returned to New York for a civil fraud trial.
News 9 hours ago

Agriculture Minister Syahrul Abroad Amid Ongoing Corruption Probe

During the search on Friday, the KPK discovered 12 firearms and banknotes worth approximately Rp 30 billion ($1.9 million).
News 12 hours ago

Minister Dito to be Presented in Graft Trial

The corruption trial revolves around a government project aimed at building 4G internet infrastructure covering 7,900 remote villages.
COPYRIGHT © 2023 JAKARTA GLOBE. ALL RIGHTS RESERVED