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Bahana targets 25% increase in managed funds

JAKARTA: PT Bahana TCW Investment Management targets managed funds to grow by 20%-25% from IDR18.1 trillion in 2010.Marketing Director Bahana TCW Rukmi Proborini said that the company will continue releasing new mutual fund products and other products,

JAKARTA: PT Bahana TCW Investment Management targets managed funds to grow by 20%-25% from IDR18.1 trillion in 2010.Marketing Director Bahana TCW Rukmi Proborini said that the company will continue releasing new mutual fund products and other products, such as limited mutual funds and discretionary funds.This year, we are still targeting institutional and retail investors. Last year, 75% of our clients come from institutions. There are new institutional clients we are reviewing, such as insurers, she said.Starting 2011, Bahana TCW has launched discretionary mutual funds, namely Bahana Quantitative Fund, with target fund to manage as much as IDR500 billion.Rukmi said that in Q1/2011 Bahana TCW plans to release other three products of mutual funds, including equity funds and protected funds. (T04/NOM)

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