Eastspring Investments Alpha Navigator is an open-ended equity fund designed to provide “added value and lucrative long-term yields” to investors by actively navigating the market in search of the alpha through concentrated stock picking and value investing.
“Our partnership with HSBC will expand our distribution network further and is part of our commitment to the development of the local mutual fund industry,” Riki Frindos, president director at Eastspring Investments Indonesia, said.
The total assets under management of the Indonesian mutual fund industry increased by 2.64% to IDR192.54trn by the end of last year. Currently there are approximately 160,000 retail mutual fund investors in Indonesia, which has a population of around 250 million.
“We are committed to offering customers a focused and carefully selected range of customer-centric solutions,” said Steven Suryana, HSBC Indonesia’s senior vice president and head of wealth management.
“The new fund will expand the choice of suitable investment solutions customers can select based on their goals and risk appetite.”
Since acquiring its license from the Capital Market and Financial Institution Supervisory Agency in April 2012, Eastspring Investments Indonesia, has launched four mutual funds products, including two equity mutual funds and two fixed income mutual funds, that are distributed through partner banks to retail investors.
Eastspring Investments Indonesia managed assets worth IDR38.24trn as of 30 December 2013.
In January, Eastspring Investments Indonesia launched its institutional business in Jakarta.
