Fund Fact Sheet, July 2019 Mandiri Investa Ekuitas Dinamis filepowered by Fund Fact Sheet, July 2019...
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powered by Fund Fact Sheet, July 2019 Mandiri Investa Ekuitas Dinamis Equity Fund NAV/Unit IDR 1,019.70 Investment Objective To provide optimal long term capital appreciation primarily through investing in listed Indonesian equities. Investment Policy Portfolio Allocation Money Market : 0% - 20% Money Market : 3.00% Equity : 80% - 100% Equity : 97.00% Fund Performance MIED Benchmark* Mar-11 Nov-11 Jul-12 Feb-13 Oct-13 Jun-14 Jan-15 Sep-15 May-16 Dec-16 Aug-17 Apr-18 Nov-18 Jul-19 -50% -40% -30% -20% -10% 0% 10% 20% 30% 40% 50% Top Holding In Alphabetical Order Adi Sarana Armada Tbk. Equity Bank Pan Indonesia Tbk Equity Bintarco Dharma Tbk Equity Elnusa Tbk. Equity M Cash Integrasi Tbk. Equity Sector Allocation 5 Biggest Sector Infrastructure, 19.41% Property, 18.71% Finance, 14.27% Trading, 12.31% Others 32.28% Performance - 31 July 2019 1 Month 3 Months 6 Months 1 Year 3 Years 5 Years YTD Since Inception MIED : 0.28% -0.23% -3.50% 1.09% -7.34% -26.82% 9.24% 1.97% Benchmark* : 2.67% 0.42% -1.53% 7.96% -23.00% -28.05% 11.99% -11.01% * Since April 2018 benchmark changed to IDX SMC Liquid **Since Augstus 2015, the benchmark is MSCI SMID Growth Index Reporting Date 31-July-2019 Custodian Bank Deutsche Bank, Jakarta Inception Date 21-Mar-2011 Asset Under Management IDR 255.24 Billion Currency Indonesian rupiah (IDR) Management Fee Max. 3% p.a Custodian Fee Max. 0.2% p.a Subscription Fee Min. 1% Max. 2% Redemption Fee Max. 1% (< 1 Year*) * holding period Switching Fee Max. 1% ISIN code IDN000113107 Bloomberg MANIEDI : IJ Main Risk Factor - Risk of Deteriorating Economic and Political Condition - Risk of Default - Risk of Liquidity - Risk of Diminishing of NAV of each participation unit - Risk of Dissolution and Liquidation - Risk of Electronic Media Transaction Investment Period Risk Level <3 3-5 >5 > 5 : long term High Market Outlook After posting a good performance in June, JCI started to consolidate in July with return 0.5% mom while US equity market (S&P500 Index) managed to post 1.31% mom return. The global equity momentum was still driven by interest rate cut expectation. In end of July, The Fed eventually cut its benchmark rate by 25bps. However, The Fed’s comment was perceived less dovish due to the interest policy direction ahead will be data dependant and The Fed will not aggressively cut the interest rate as what market expect before. Previously, Bank Indonesia has already cut its interest rate by 25bps to 5.75%. The foreign investor posted outflow Rp283 billion in June. Going forward, market will focus on global and domestic fundamental data to see whether the growth has recover or not. About Mandiri Investasi PT Mandiri Manajemen Investasi (Mandiri Investasi) is a separate subsidiary of PT Mandiri Sekuritas established in December 28, 2004. PT Mandiri Sekuritas is Indonesia’s leading investment bank and a subsidiary of PT Bank Mandiri (Persero) Tbk., the country’s largest state-owned Bank. Mandiri Investasi and/or its predecessors have been managing investment portfolios since 1993. Mandiri Investasi is Indonesia’s largest domestic mutual fund, with total assets under management totaling Rp 56.53 Trillion (as of 31 July 2019).
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Fund Fact Sheet, July 2019
Mandiri Investa Ekuitas DinamisEquity Fund
NAV/Unit IDR 1,019.70Investment ObjectiveTo provide optimal long term capital appreciation primarily through investing in listed Indonesian equities.
Investment Policy Portfolio AllocationMoney Market : 0% - 20% Money Market : 3.00%Equity : 80% - 100% Equity : 97.00%
Fund PerformanceMIED Benchmark*
Mar-11 Nov-11 Jul-12 Feb-13 Oct-13 Jun-14 Jan-15 Sep-15 May-16 Dec-16 Aug-17 Apr-18 Nov-18 Jul-19
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
50%
Top HoldingIn Alphabetical Order
Adi Sarana Armada Tbk. EquityBank Pan Indonesia Tbk EquityBintarco Dharma Tbk EquityElnusa Tbk. EquityM Cash Integrasi Tbk. Equity
Sector Allocation5 Biggest Sector
Infrastructure, 19.41%Property, 18.71%Finance, 14.27%Trading, 12.31%Others 32.28%
Performance - 31 July 2019
1 Month 3 Months 6 Months 1 Year 3 Years 5 Years YTDSince
Inception
MIED : 0.28% -0.23% -3.50% 1.09% -7.34% -26.82% 9.24% 1.97%Benchmark* : 2.67% 0.42% -1.53% 7.96% -23.00% -28.05% 11.99% -11.01%
* Since April 2018 benchmark changed to IDX SMC Liquid**Since Augstus 2015, the benchmark is MSCI SMID Growth Index
Reporting Date31-July-2019
Custodian BankDeutsche Bank, Jakarta
Inception Date21-Mar-2011
Asset Under ManagementIDR 255.24 Billion
CurrencyIndonesian rupiah (IDR)
Management FeeMax. 3% p.a
Custodian FeeMax. 0.2% p.a
Subscription FeeMin. 1% Max. 2%
Redemption FeeMax. 1% (< 1 Year*) * holding period
Switching FeeMax. 1%
ISIN codeIDN000113107
BloombergMANIEDI : IJ
Main Risk Factor- Risk of Deteriorating Economic and
Political Condition- Risk of Default- Risk of Liquidity- Risk of Diminishing of NAV of each
participation unit- Risk of Dissolution and Liquidation- Risk of Electronic Media Transaction
Investment Period
Risk Level
<3 3-5 >5
> 5 : long term
High
Market OutlookAfter posting a good performance in June, JCI started to consolidate in July with return 0.5% mom while US equity market (S&P500 Index) managed to post 1.31% mom return. The global equity momentum was still driven by interest rate cut expectation. In end of July, The Fed eventually cut its benchmark rate by 25bps. However, The Fed’s comment was perceived less dovish due to the interest policy direction ahead will be data dependant and The Fed will not aggressively cut the interest rate as what market expect before. Previously, Bank Indonesia has already cut its interest rate by 25bps to 5.75%. The foreign investor posted outflow Rp283 billion in June. Going forward, market will focus on global and domestic fundamental data to see whether the growth has recover or not.
About Mandiri InvestasiPT Mandiri Manajemen Investasi (Mandiri Investasi) is a separate subsidiary of PT Mandiri Sekuritas established in December 28, 2004. PT Mandiri Sekuritas is Indonesia’s leading investment bank and a subsidiary of PT Bank Mandiri (Persero) Tbk., the country’s largest state-owned Bank. Mandiri Investasi and/or its predecessors have been managing investment portfolios since 1993. Mandiri Investasi is Indonesia’s largest domestic mutual fund, with total assets under management totaling Rp 56.53 Trillion (as of 31 July 2019).
