PT First State Investments Indonesia plans to issue new equity funds this month to strengthen the investment management services and mutual fund products that investment managers.
Managing Director of First State Kusumonegoro Legowo said the move was related to reaching the target fund First State managed to Rp3, 5 trillion this year.
“First State has effectively pocketed the statement from the capital market authority in December 2009,” kataya today.
Director of First State Putut Andanawarih Endro said it considered the potential equity funds this year to grow in that before February 2010 First state to introduce new products that mutual funds.
“In addition, it is also possible we published based mutual funds and fixed income markets this year,” said Putut.
Currently, First State has 10,000 investors, in which institutional investors to reach investors and the remaining 500 retail investors. First State is part of Colonial First State Global Asset Management, the investment management division of The Commonwealth Bank of Australia.
Legowo added that group to sign investment principles associated with the UN Environmental Program Finance Iniative and the Global Compact or better known as the Principles for Responsible Investment in 2007.
“In connection with the signing of that, we as an investment manager for the investor to do our weighting denganmemasukkan environmental factors, social and corporate governance that. Step we aimed for the long-term interests.”
