Fund Fact Sheet, June 2019 Mandiri Investa Equity Movement · powered by Fund Fact Sheet, June 2019...
Transcript of Fund Fact Sheet, June 2019 Mandiri Investa Equity Movement · powered by Fund Fact Sheet, June 2019...
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Fund Fact Sheet, July 2019
Mandiri Investa Equity MovementEquity Fund
NAV/Unit IDR 1,810.35Investment ObjectiveTo provide optimal long term capital appreciation primarily through investing in listed Indonesian equities.
Investment Policy Portfolio AllocationMoney Market : 0% - 20% Money Market : 7.57%Equity : 80% - 100% Equity : 92.43%Bonds : 0% - 20% Bonds : 0.00%
Fund PerformanceMIEM Benchmark*
Oct-12 Mar-13 Jul-13 Nov-13 Mar-14 Jul-14 Nov-14 Mar-15 Jul-15 Nov-15 Mar-16 Jul-16 Nov-16 Mar-17 Jul-17 Nov-17 Mar-18 Jul-18 Nov-18 Mar-19 Jul-19-20%
-10%
0%
10%
20%
30%
40%
50%
60%
70%
80%
Top HoldingIn Alphabetical Order
Bank Central Asia Tbk. EquityBank Rakyat Indonesia (Persero) Tbk. EquityGudang Garam Tbk. EquityH.M. Sampoerna Tbk. EquityTelekomunikasi Indonesia (Persero) Tbk. Equity
Sector Allocation5 Biggest Sector
Finance, 25.96%Consumer, 23.15%Infrastructure, 14.16%Trading, 6.73%Others 22.44%
Performance - 31 July 2019
1 Month 3 Months 6 Months 1 Year 3 Years 5 Years YTDSince
Inception
MIEM : -0.26% 0.06% 50.11% 60.78% 72.60% 67.54% 61.20% 81.04%Benchmark* : 0.50% -1.00% -2.18% 7.65% 22.52% 25.58% 3.16% 49.92%
* JCI
Reporting Date31-July-2019
Custodian BankCitibank, Jakarta
Inception Date03-Oct-2012
Asset Under ManagementIDR 690.97 Billion
CurrencyIndonesian rupiah (IDR)
Management FeeMax. 3% p.a
Custodian FeeMax. 0.15% p.a
Subscription FeeMin. 1% Max. 3%
Redemption FeeMax. 1% (< 1 Year*) * holding period
Switching FeeMax. 1%
ISIN codeIDN000140209
BloombergMANIEMA : 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- Market Risk- 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).