First State Targets Management of Rp3.5 Trillion
Friday, 29 February, 2008 | 16:32 WIB

TEMPO Interactive, Jakarta: First State Investments Indonesia set a target of managing Rp3.5 trillion up to the end of this year. Until January 2008, the investment management company has been managing Rp2.5 trillion.

President Director of First State Investments, Legowo Kusumonegoro, said that in order to reach the target, the company will optimize the existing products and launch two new products. Out of six First State’s mixed mutual funds two are shares and one fixed-income mutual fund.

Currently, said Legowo, First State has proposed the two new products for the Capital Market and Financial Institution Supervisory Agency (BPPM-LK). Yet, Legowo said he could not yet let the public know about the products. The two new products, he said, have been registered in Bapepam. “The one is a mutual fund and the other is still confidential,” said Legowo.

ARI ASTRI YUNITA