ETF Firstly Dances in Bourse

ETF Firstly Dances in Bourse

Tuesday, 18/12/2007

JAKARTA(SINDO) – Two discretionary trust products which can be commercialized in bourse ( exchange traded fund/ETF) will be noted in Indonesia Stock Exchange ( BEI) concurrently today.

Two ETF published by masingmasing by PT Indopremier Securities and Bahana TCW Investment Management is first ETF in Indonesia. ” His(its effective permit I have signed today both listing would be at the same said Ketua Bapepam-LK Fuad Rahmany to SINDO in Jakarta yesterday. Both ETF will be registered at first session of commerce of BEI today. Listing Director of BEI EDDY SUGITO tells both is first ETF in Indonesia.

” If asked first which both because noted [by] when which bersamaan,”jelas him(her. He says in acquirement of effective permit, Indopremier in advance gets permit from Bapepam-LKNamun, to be noted in BEI,dua ETF is ETF which firstly is noted in bourse. Director Structured Finance Indopremier Securities Fredy R Sumendap tells permit from the effect had been got from BapepamLK yesterday.

Whereas the side of Bahana also confessed gets effective permit yesterday. ETF INDOPREMIER SECURITIES chooses index LQ-45 as its(the benchmark. Audition of LQ-45 is not concentrated to certain stock mastering market capitalization in making an index to the but all stock ang-gota LQ-45. Target of management fund ETF Indopremier for the price of Rp1 triliun. with initial management fund of Rp50 billion. Whereas ETF BAHANA TCW INVESTMENT MANAGEMENT chooses bond discretionary trust product. that is Asian Bond Fund and Indonesia Bond Index Fund.

Director Indopremier Securities Parto Kawito tells, issue of ETF is expected to jacks up management fund of finite Indopremier Securities of Rp3 triliun at 2008. Indopremier x'self targets in next year will add three new discretionary trust types with target of fund Rp1 triliun. Now Indopremier has management fund around Rp342 billion coming from discretionary trust Rp165 billion and discretionary fundRp177 billion. Now Bapepam-LK was processing again two ETF. that is from PT Treasure Fund Investama, through ETF Reksa Dana Indeks LQ45. ETF will be registered in BEJ with code R-LQF45.

Initial subscription value of the discretionary trust Rp50 billion with target of management reachs Rp1 triliun. other ETF come from Danareksa Investment Management ( DIM). President Director DIM PRIYO SANTOSO tells. now [his] side still studying a number of benchmark indexes which will be made ETF benchmark. DIM have also referred HSBC as custodian bank. According To Priyo. actually DIM will publish ETF in this year, but still existence of various constraints from regulator. makes ETF DIM to back into its(the plan. To know market enthusiasm. now DIM does survey of interest. ( nunung ahniar)