JAKARTA - PT Bahana TCW Investment management, a leading investment management company and a subsidiary of Indonesia Financial Group (IFG - Holding of Insurance and reinsurance SOE company in Indonesia) together with Bank DBS Indonesia, a leading financial services group in Asia has collaborated with Franklin Templeton Ltd, a global asset management company based in USA, to launch Bahana US Opportunity Sharia Equity USD.

With this collaboration, Bahana TCW strives to present a more diverse investment product for domestic investors, especially to fulfill the investors’ interest in investing at global company. The New product is the first Sharia Mutual Fund in Indonesia with investment strategy that concentrated in the United States market and currently focusing on the technology and healthcare sector. This product actively managed using ESG principles as well

“We are pleased to offer Franklin Templeton’s investment strategy in Indonesia for the very first time. Our collaboration with Bahana TCW to launch a new mutual fund for Indonesian investors will feature our best-in-class US growth strategy with positive ESG attributes. The strategy has consistently outperformed the benchmark Russell 3000 index in the medium to long term, making it a great diversification option for Bank DBS Indonesian investors. This launch provides a strong foundation for us to establish a competitive advantage in the hugely important Indonesian market and we look forward to expanding our product offering for clients in Indonesia,” said Dora Seow, Regional Head for Southeast Asia (ex Malaysia), Franklin Templeton.

Investors can transact this Mutual Funds through all channels of Bank DBS Indonesia as the appointed partner to be the first selling agent of the Mutual Fund, including Digibank Mutual Fund that newly launched on early July.

Meanwhile, the mutual product from the collaboration of Bahana TCW and Franklin Templeton is believed to have more competitive returns because the trades securities are on the United States stock market. Stock trading in the united states, such as New York Stock Exchange and Nasdaq, recorded a higher yield compared to stock markets in other develop countries such as Europe, Japan and historically developing countries. (LM)