JAKARTA – The assets under management (AUM) of PT Ashmore Asset Management Indonesia Tbk (AMOR) reportedly declined 3.1% from June to September 2022 compared to April-June 2022, following inflation, increased interest rate, and potential global recession.
Ronaldus Gandahusada, President Director of Ashmore, confirmed that the assets under management had shrunk IDR 1 trillion lower from IDR 33.4 trillion to IDR 32.4 trillion. “It is due to the investment expenses, which are countered by increased investment performance,” he added in the information disclosure quoted Friday (14/10).
The assets consist of fixed income of IDR 8.3 trillion, stock of IDR 23.9 trillion, and other accounts of IDR 200 billion. For comparison, in April-June 2022, fixed income in AMOR’s AUM clocked up to IDR 8.8 trillion, stock IDR 24.4 trillion, and other accounts IDR 200 billion.
In the same period in 2021, the assets under AMOR’s management reached IDR 36.4 trilion, comprising fixed income of IDR 11.2 trillion and stock of IDR 25.2 trillion. It was 11% higher than the numbers recorded in June-September 2022. (LK/ZH)