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Presidential Transition Goes Smoothly, Mutual Funds Predicted to Soar in 6 Months
Sabtu, 12 Oktober 2024
JawaPos.com - The smooth transition of government from the 7th President Joko Widodo to the 8th President Prabowo Subianto is expected to drive the growth of the mutual fund industry in the next six months. Therefore, now is the right time to invest if you want to get optimal returns.
"From the results of the 2004, 2009, 2014, 2019 election research, it turns out that the six months before and six months after the change of President, the mutual fund growth graph continued to rise. Moreover, seeing the smooth transition of government in 2024, I am sure the increase can be higher," said Director of Investment at BNI Asset Management (BNI AM) Putut E Andanawarih after the MoU for mutual fund sales cooperation with Bank BTPN, Wednesday (9/10).
Not long ago, President Jokowi also said that the current government transition is the smoothest compared to before. In 2014, Jokowi needed 1.5 years to organize the government.
"The president is clear, the cabinet has also been prepared, the programs are ready to be implemented. This means that there are almost certainly no obstacles in running the new government," Putut continued.
Market players should seize this opportunity. But unfortunately, Putut said, most investors are waiting and seeing. They are waiting for the President to be inaugurated, the cabinet to be formed, the government programs to run before they dare to invest. This is wrong because the moment has passed. You should buy mutual funds now if you want high profits in a few months," he said.
Putut admitted that this step was advice from Warren Buffet that he has applied so far. "Warrent Buffet said when other people are pessimistic, that's when we have to be greedy. This means that we must dare to invest when most people are still waiting for stable political and economic conditions," he said.
Recently, Putut said, mutual fund investment instruments based on stock indexes and fixed income mutual funds have been increasingly in demand by retail investors, especially in the era of declining interest rates. Therefore, BNI AM has established a mutual fund sales partnership with Bank BTPN through the Bank BTPN network as a Mutual Fund Selling Agent (APERD) in order to expand the distribution network of BNI AM Mutual Fund products.
"We welcome this partnership and hope that in the future it will become a mutually beneficial business synergy for both parties. For BNI AM, of course, it will further expand the marketing network of mutual funds, especially index mutual funds which are our flagship products," said Acting President Director of BNI AM Ade Yusriansyah.
Deputy President Director of Bank BTPN Darmadi Sutanto assessed that this partnership provides more investment solutions for BTPN customers. "We believe that these BNI Asset Management mutual fund products can be an investment option for our customers to jointly realize a more meaningful life," he explained.
