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BNP Paribas mulls over issuing DINFRA
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Logo and branding of BNP Paribas Investment Partners (Courtesy of/www.aprdi.or.id)
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NP Paribas Investment Partners (PT BNPP IP) is still mulling over the possibility of issuing DINFRA mutual funds, a mutual fund dedicated to infrastructure in the form of collective investment contracts, its company’s top executives said on Monday.
"We are still reviewing the issuance of DINFRA because the regulation is still fairly new. We have to put priority on our investors' protection,” said BNPP IP president director Vivian Secakusuma.
The company claimed it had received questions from several institutional investors about the mutual fund and its investment scheme.
However, it still wants to look closely into its legal and operational aspects before deciding to issue the product to the market.
Read also: Indosat, BNP Paribas eye newbie investorsCurrently, BNPP IP manages 16 mutual funds, including a mutual fund with infrastructure-based shares called BNP Paribas Infrastruktur Plus.
BNPP IP marketing director Maya Kamdani Siboe said from the total asset under management (AUM) of Rp 30 trillion (US$2.25 billion), it managed as of June, around Rp 3 trillion came from infrastructure mutual funds.
About 60 percent of the AUM was contributed by equity funds and the rest included fixed income mutual funds, mixed mutual funds and money market mutual funds. BNPP IP estimates that this year's AUM will grow by 10 percent to Rp 32 trillion. (bbn)
