JAKARTA. The Management Agency for People's Housing Savings (BP Tapera) appoints seven investment management companies that will manage its funds with a maximum limit of 20% for each MI.

Deputy Commissioner of BP Tapera, Gatut Subadio said it would apply the principle of efficiency so that if an agreement cannot be reached with one of the companies, another company will be chosen.

The seven companies are PT Schroder Investment Management Indonesia, PT Manulife Aset Manajemen Indonesia, PT Mandiri Manajemen Investasi, PT Bahana TCW Investment Management, and PT Batavia Prosperindo Asset Management,  PT Danareksa Investment Management, PT BNI Asset Management, and PT Mandiri Manajemen Investasi. (AM/AR)