Jakarta, 12 July 2021 – In the midst of the pandemic situation that is still engulfing Indonesia, investment is one of the people's choices to allocate their funds. This can be seen from the high increase in the number of investors in the capital market, especially the number of Investors for Mutual Fund Products. PT Bank Central Asia Tbk. (BCA) also pays close attention to these conditions by continuing to strive to provide added value for customers and the community. This time, to support customer needs, BCA added a choice of Sharia-based USD Equity Mutual Funds, to complement the existing investment solutions. Together with PT BNP Paribas Asset Management (PT BNP Paribas AM), BCA launched a product called the BNP Paribas Greater China Equity Syariah USD Sharia Mutual Fund.
Data from the Indonesian Central Securities Depository (KSEI) in May 2021, there were more than 4.69 million investors in Mutual Fund products, an increase of 47.87% compared to December 2020. KSEI also recorded a demographic profile of individual investors of 58.09% which was dominated by individuals under the age of 30 years(1). The increasing trend indicates that the Indonesian people are now aware of the presence of investments that have a good impact on the economy.
Christine Setyabudhi as Senior Executive Vice President of the Wealth Management Division of BCA said that the BNP Paribas Greater China Equity Syariah USD product can be purchased starting on July 12, 2021 through Welma and BCA Branches. “The offering of the BNP Paribas Greater China Equity Syariah USD Mutual Fund product provides an opportunity for the public in general and BCA customers in particular to complete the diversification of investment geography through access to the China Capital Market, which is one of the largest markets in the world. This instrument is also suitable for customers who want to have other alternatives for their investments in USD,”
“BNP Paribas Greater China Equity Syariah USD is the first sharia offshore mutual fund in Indonesia that focuses on investing in the Chinese stock market. In the stock selection process, we integrated ESG (Environmental, Social, and Governance) filters and Sharia principles, which we believe can help investors achieve risk-adjustment returns in the long term. Moreover, the solutions we offer also provide added value for investors who want to pursue sustainable investment opportunities while also providing a positive impact on the sustainability of future generations. With the presence of this Mutual Fund on the BCA platform, we hope to provide customers with attractive diversification options that are relevant to current market conditions.” said Maya Kamdani, Director & Head of Marketing and Product Development of PT BNP Paribas AM.
The growth of Equity Mutual Fund investors was also recorded by the Financial Services Authority (OJK) in May 2021 which showed 23.34% of investors placed their funds in these instruments.(2). This also places Equity Mutual Funds as the number two favorite for investors, after Fixed Income Mutual Funds.
Christine also welcomes the Equity Mutual Fund product at BCA by preparing an attractive program. "We appreciate the high interest of the public and customers in investing by preparing attractive promos, namely buying Mutual Funds and Bonds at Welma can be free of transaction fees,"
Customers and the public who wish to conduct Mutual Fund transactions can now take advantage of the Wealth Management mobile application from BCA, namely Welma, which is used for transactions (buying and selling) of investment products such as Mutual Funds, Bonds and insurance information. Welma also has an online Single Investor Identification (SID) registration feature that facilitates and makes it easier for customers to register their SID numbers online. Customers can download Welma through the Google Play Store or the App Store.
Besides Welma application, this product can also be purchased through BCA Branches that serve Investment transactions. For more information, visit bca.id/bnpgreaterchina or contact Halo BCA (1500 888) with extension 4 for investment product services.
BCA Adds USD Equity Mutual Fund Products at WELMA – Senior Vice President of the Wealth Management Division of BCA Lilyana Sutianto at the launch of the BNP Paribas Greater China Equity Syariah USD Sharia Mutual Fund on Monday (12/07). BCA added a choice of Sharia-based USD Equity Mutual Funds, to complement the existing investment solutions in the WELMA application.
About PT Bank Central Asia Tbk (as of 31 March 2021)
BCA is one of the leading commercial banks in Indonesia with the core business of transaction banking. BCA also offers a full range of financial services in consumer, SME, commercial and corporate segments. As of March 2021, BCA has the privilege of serving more than 25 million customer accounts, processing around 41 million of daily transactions through a network of 1,244 branches; 17,634 ATMs as well as the 24-hour internet & mobile banking systems; supported by 24/7 Halo BCA contact center. BCA’s presence is complemented by a number of subsidiaries focusing on vehicle financing, sharia banking, securities, general and life insurance, digital bank, remittance as well as venture capital business. BCA is committed to building lasting relationship with customers, putting people first, and making positive impact on society at large. With more than 24,000 employees, BCA's vision is to be the bank of choice and a major pillar of the Indonesia economy.
For more information, please contact :
PT BANK CENTRAL ASIA TBK
Corporate Secretariat Division – Corporate Communication Sub Division
Public Relations Bureau
Address : Jl. MH Thamrin No. 1
Menara BCA Grand Indonesia 20th Floor
Jakarta Pusat 10310
Phone : (021) 2358-8000
Fax : (021) 2358-8300
E-mail : email@example.com
PT BNP Paribas Asset Management
About PT. BNP Paribas Asset Management
Established since 1992, PT. BNP Paribas Asset Management (the “Company”) is one of the leading Investment Manager companies in Indonesia. The company offers investment management services for both institutional and retail customers, in the form of Fund Management Contracts and Mutual Funds. The company also cooperates with several banks, securities companies and other leading financial institutions in Indonesia in marketing its Mutual Funds. Supported by more than 50 (fifty) professional workers, the company has a total managed fund of Rp 29.7 trillion(1). The company has received awards from various regional media including “Best Fund House, Indonesia” by Asia Asset Management in 2019, “Asset Management Company of The Year – Indonesia” by The Asset in 2010, 2011, 2012, 2014, 2015, 2017 , 2019, 2020 and 2021, “Fund House of the Year – Indonesia” by Asian Investor in 2012 and 2017, “Asset Management of the Year” by Asia Asset Management in 2010, 2011, 2012, 2014, 2015 and 2017 and “Best Islamic Asset Management House of the Year” by The Asset in 2017, 2018, 2019 and 2020 and “ESG Asset Management Company of the Year” by The Asset in 2020. The company has also been awarded as “Best Investor Education” by Asia Asset Management in 2019 in its commitment to education through the BNP Paribas AM Investment Academy program and the #Aku BisaInvestasi education campaign.
(1) Source: PT. BNP Paribas Asset Management, May 2021.
For more information, visit the website www.bnpparibas-am.co.id , Twitter and Instagram @BNPPAM_ID.
BNP Paribas Asset Management is registered and supervised by the Financial Services Authority.