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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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CIMB hopeful on IDX30 fund despite few bearish stocks

  • Raras Cahyafitri

    The Jakarta Post

Jakarta | Wed, November 21 2012 | 11:02 am

PREMIUM PT CIMB-Principal Asset Management, a subsidiary of Malaysia’s CIMB Group, launched on Monday an equity fund based on the IDX30, the new index recently introduced by the Indonesia Stock Exchange (IDX).

The equity fund, called the CIMB-Principal Index IDX30, will invest at least 80 percent of its managed funds in stocks included in the IDX30, a new benchmark that is a pared-down, select, v...