JAKARTA - PT Surya Timur Alam Raya (STAR AM) launched the SRI-KEHATI STAR ETF Index Fund, together with the Kehati Foundation and PT Sinarmas Sekuritas. The index fund can be traded on the exchange (ETF)
In the press release received today (31/1), I Nengah Sukerja, Director of PT Surya Timur Alam Raya (STAR AM) said that this mutual fund had been given an effective statement from the Financial Services Authority (OJK) and has been listed on the Indonesia Stock Exchange (IDX).
"This mutual fund is offered to the public at an initial Net Asset Value (NAV) of Rp 200 or equal to Rp. 20 million per "Unit Kreasi" in the primary market," he said.
STAR AM itself is the investment manager, while the Kehati Foundation acts as the owner and Sinarmas act as the participant dealer for the mutual fund product. In addition, the company invites PT Bank Central Asia Tbk (BBCA) as the custodian.
Sukerja said his office had managed more than 15 investment products. As of 31 December 2019, the total value of asset managed by the company was recorded at Rp 3.6 trillion. (LK/AR)