Jakarta, February 9 2021 - To provide investment solutions for the general public, PT Bank Danamon Indonesia Tbk (“Danamon”) this day announced a partnership with PT Eastspring Investments Indonesia (“Eastspring Indonesia”), one of the country’s largest investment managers which provides reliable quality financial services.
With this Danamon and Eastspring collaboration, the general public can take advantage of the momentum of economic recovery through Eastspring Indonesia's flagship mutual fund products. Danamon, as the distribution partner, will market the products of Eastspring Investments Alpha Navigator, Eastspring Investments Yield Discovery and Eastspring Investments Cash Reserve.
Eastspring Investments Alpha Navigator is an open-ended mutual fund composed mainly of selected stocks offered and traded in the Indonesia Stock Exchange. This mutual fund product is designed to provide added value for investors by actively and continuously navigating the best stocks through selection, formulation and weighing based on their fundamental factors. This process ultimately aims to provide value for portfolio performance. On the other hand, Eastspring Investments Yield Discovery is a fixed income mutual fund that focuses on government bonds with short duration of less than 5 years to minimize volatility and provide optimal returns. This mutual fund adopts a value-oriented investment approach, an instrument that provides superior investment returns in the long term and applies a disciplined medium-term investment approach suitable for investors who have a moderate risk profile and a medium-term investment outlook. For investors who have a conservative risk profile with a short-term investment outlook, the Eastspring Investment Cash Reserve money market mutual fund serves as a viable option because it provides potential for relatively stable returns from investments in Indonesian money market instruments.
By becoming a selling agent for Eastspring Mutual Funds, Bank Danamon customers and the general public can subscribe, redeem and switch transactions among any of the three Eastspring mutual fund products offered through the Danamon network.
Bank Danamon Deputy President Director Michellina Triwardhany explains, “Danamon understands the needs of customers to develop and manage their wealth (wealth management) and always strives to provide comprehensive banking services by offering the best choice of investment products supported by an extensive branch network and digital banking applications.
Our partnership with PT Eastspring Investments Indonesia, which is one of the country’s largest investment managers, provides added value for our customers and the general public to avail of investment solutions tailored to each customer's risk profile and financial goals. Along with our optimism for fast economic recovery, we hope that customers can take this opportunity by investing in these 3 mutual fund products to achieve their financial goals.”
Being part of MUFG, a global financial group that is Japan's largest bank and one of the world's leading financial institutions, provides Danamon with additional strength, expertise and network to serve customers and facilitate growth in realizing long-term value for all stakeholders.
“We welcome the marketing cooperation for this mutual fund product and Danamon’s trust in Eastspring Indonesia. Danamon is one of the banks that has a strong network. With this collaboration, Eastspring Indonesia helps Danamon customers in providing quality investment products that feature best benefits and added value for Danamon customers, especially matching their current and future investment planning needs,” said Eastspring Indonesia President Director Alan J. Tangkas.
For more information please contact:
External Communications Specialist
PT Bank Danamon Indonesia Tbk
Hello Danamon 1-500-090
Diah Ayu Kusumoratih
Head of Marketing Communications
PT Eastspring Investments Indonesia
About PT Eastspring Investments Indonesia
PT Eastspring Investments Indonesia, established in 2011, is one of Indonesia’s largest investment management companies with managed funds of IDR 87.60 trillion as of 30 December 2020. It is registered and supervised by the Financial Services Authority (OJK).
Supported by qualified and experienced professionals in the field of investment management and mutual funds, Eastspring Indonesia is fully committed to provide quality financial services to meet customers’ various investment needs.
Since April 2012 when it received authorization from the Financial Services Authority (OJK), Eastspring has issued 16 (sixteen) mutual fund products, namely: 2 (two) Equity Mutual Funds, 3 (three) Fixed Income Mutual Funds, 1 (one) Mutual Fund Money Market Fund, 4 (four) Sharia Mutual Funds and 6 (six) Protection Mutual Funds. All of Eastspring's mutual fund products are marketed by leading distribution partners such as Ajaib, BCA, Bareksa, Bibit, Commonwealth, CTBC, DBS, Fundtastic, HSBC, Mandiri Sekuritas, Maybank, Moduit, Phillip Sekuritas Indonesia, Permata Bank, SCB and Tanamduit. For further information, visit www.eastspring.co.id
About Eastspring Investments
Operating in Asia since 1994, Eastspring Investments is an asset manager operating for more than 25 years. As of 30 June 2020, Eastspring has been managing more than USD 220 billion worth of assets on behalf of institutional and retail clients. Eastspring Investments is the Asian asset management business of Prudential plc, an international financial services group managing a wide range of assets such as equities, fixed income, and multi-asset solutions and alternatives. It is committed to provide clients with high quality investment returns over the long term. Eastspring Investments is a signatory to the United Nations-backed Principles for Responsible Investment (PRI), a voluntary program that promotes best practices in environmental, social and corporate governance issues. For further information, visit www.eastspring.com.
* Eastspring Investments (excluding JV companies) is a wholly owned / indirect subsidiary / partner of Prudential plc in the United Kingdom. Eastspring Investments (including JV) and Prudential plc are not affiliated with Prudential Financial, Inc., a company whose principal place of business is in the United States or with Prudential Assurance Company, a subsidiary of M&G plc, a company incorporated in the United Kingdom.
INVESTMENTS IN MUTUAL FUNDS CONTAIN RISKS. PROSPECTIVE INVESTORS MUST READ AND UNDERSTAND THE PROSPECTUS BEFORE DECIDING TO INVEST IN MUTUAL FUNDS. HISTORICAL PERFORMANCE DOES NOT REFLECT FUTURE PERFORMANCE. PT EASTSPRING INVESTMENTS INDONESIA IS AN INVESTMENT MANAGEMENT INSTITUTION THAT HAS A BUSINESS LICENSE, REGISTERED AND SUPERVISED BY THE FINANCIAL SERVICES AUTHORITY (OJK).