Launches New Mutual Fund, Trimegah eyeing USD 500 Billion?

Image via WikipediaWhery Enggo Prayogi - detikFinance Jakarta - PT Trimegah Asset Management (TRAM) launched a new product that is of mutual funds Consumption TRAM Plus.Target new fund management company targeting Rp 500 billion.
This is expressed TRAM Director Dennis Thaher at the Ritz Calton, SCBD Jakarta on Monday (02/05/2011). 


Mutual equity funds are designed for long-term investors and dominated into the consumption sector in Indonesia.Approximately 75-80% of their portfolios in the field of domestic consumption. The rest is invested in the portfolio management called "Plus", by creating an alpha through berkapitalisasi shares of medium and small.
Also beta excess return, the bullish market conditions through indirect consumption sector investment, and non-consumption.Company entrust HSBC Jakarta as the custodian bank.
This product sets the value of investment of Rp 250 thousand, with NAB value of Rp 1,000. The cost of purchasing units of a maximum of 2% of total purchases.
"On May 5, 2011 recording of emissions, with the effective date of the last month on 12 April," said Director of TRAM, Dawn Hidajat.
The cost of resale units in up to 2% within a maximum of 1 year.0% redemption fee if done after 1 year.
MI remuneration pegged to maximum 4% of NAV, while kostodian bank service fee of 0.2% of NAV. This product also includes features of life insurance protection, in collaboration with PT BNI Life Insurance. Protection of deaths due to accidents for investors.The maximum sum insured of Rp 1 billion per investor.
The Company reported total funds under management (AUM) of Rp 3 trillion to the first quarter-2011. Children attempt Trimegah (TRIM) is also ready to issue some types of mutual funds to raise funds to Rp 5.5 trillion under management.
(WEP / ang) source: detik.com
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