25 Jan 2018
Jakarta (25 Januari 2018) – PT Eastspring Investments Indonesia (Eastspring Indonesia) and PT Bank DBS Indonesia ("DBS Indonesia") officially announced a strategic partnership for mutual funds distribution to DBS Indonesia customers throughout Indonesia. This cooperation has been marked by the signing of distribution agreement followed with gift exchange ceremony by CEO of Eastspring Indonesia, Alan T. Darmawan and Director of Consumer Banking, DBS Indonesia, Wawan Salum, held in Jakarta on 24 January 2018.
Wawan Salum said, “Partnership with Eastspring Indonesia, one of the largest investment managers in Indonesia, is expected to assist DBS Indonesia in meeting customers’ needs of qualified investment products. Eatspring Indonesia’s funds will complete our wealth management products portfolio and help DBS Indonesia customers achieving their long-term financial goals. We are committed to help DBS Bank Indonesia customers to Live More, Bank Less.”
Similarly, Alan also expressed his optimism. "We are delighted to cooperate for distributing our mutual fund products, especially with the trust given by DBS Indonesia. DBS Indonesia is one of the prominent banks in the country. We believe Eastspring Indonesia's funds will help DBS Indonesia customers to meet their needs of the best financial solutions", said Alan T. Darmawan.
Through DBS Indonesia, Eastspring Indonesia offers two equity funds, Eastspring Investments Alpha Navigator and Eastspring Investments Value Discovery and two fixed income funds, Eastspring Investments Yield Discovery and Eastspring Investments IDR High Grade. In 2017, Eastspring Investments Alpha Navigator and Eastspring Investments Value Discovery each delivered return of 21.55% and 23.24%, outperformed the performance of the Jakarta Composite Index which was only 19.99%. While, the performance of both fixed income funds also were in line with its benchmark, IBPA INDOBex Government Bond Index which gave 16.04%. Eastspring Investments Yield Discovery and Eastspring Investments IDR High Grade delivered return of 14.08% and 14.17% respectively.
Onward, both Eastspring Indonesia and DBS Indonesia will continue to provide the best service and investment solutions for customers and potential customers through qualified investment products. The availability of these products and services is in line with the government's mission to improve financial inclusion in Indonesia.
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