PT Batavia Prosperindo Asset manajamen (Batavia Asset manajamen) target of Rp200 billion in funds under management – Rp300 billion from mutual funds are a mixture of Si Dana Batavia CPI for a year. Mutual fund companies will be marketed next month.

Managing Director of Asset Batavia manajamen Lilis Setiadi said the product is reserved for employees of a private company and the retirees.

“Essentially we’ve got an investment commitment of Rp 50 billion in pension funds of the institution as an early stage, which has about 7,000 members,” he told the press today. These products use the services of Deutsche Bank AG as custodian.

He explained the composition of the investment capital market investment products is at 20% – 79% each will be placed on the stock and money markets.

Francine explained the company was trying to raise funds from the position kelolaannya around Rp7, 32 trillion at the end of last year to Rp9, 5 trillion at the end of this year. Batavia Asset Management, he added, is also intended to improve the position of funds under management to Rp12, 5 billion in 2011.

He tells us that the company plans to increase the seller’s agent and working with new partners to invest funds through Batavia Asset Management.

At present, he added, companies can raise funds target of Rp500 billion under management from new cooperation. According to him, cooperation was explored with three foreign banks and two insurance companies.