BNI AM's ambition is to enter the Top 5 MI ranks in 2024
Senin, 20 Mei 2024

PT BNI Asset Management (BNI AM) has the ambition to enter the ranks of the 5 investment managers with the largest assets under management (AUM) in Indonesia by the end of 2024.
BNI AM Operations Director Ade Yusriansyah said that as of April 2024, the company's total managed funds reached IDR 25.94 trillion with investment units of 24.88 billion units.
Meanwhile, BNI AM has set a target for managed funds to reach IDR 34 trillion by the end of 2024.
"Currently we are in 7th place based on AUM value, but in the future, hopefully by the end of the year we can reach the top 5," said Ade when met in Jakarta, Monday (20/5/2024).
However, he admitted that there are many challenges to achieving this target, one of which is the strategy in mixing mutual fund portfolios. So far BNI AM is still focused on marketing index and fixed income mutual fund products.
"The homework is that sometimes we have to confirm whether our strategy is correct or not. Because, if we look at index mutual funds, they are still prospective, but fixed income seems to be contracting," he said.
According to him, the contraction in fixed income mutual funds cannot be separated from the influence of the bond market which is overshadowed by uncertainty regarding the timing of interest rate cuts by the US Federal Reserve (The Fed). Meanwhile, the Fed is still holding interest rates in the range of 5.25%-5.5%.
Meanwhile, currently there are 8 index mutual funds that are members of the BNI AM Family Index, namely BNI-AM Index IDX30 Mutual Fund (BNI30), BNI-AM Growth30 Index Mutual Fund (BNI30G), BNI-AM Sri-Kehati Class R1 Mutual Fund , BNI-AM IDX High Dividend20 Index Mutual Fund, BNI-AM PEFINDO i-Grade Class R1 Index Mutual Fund.
Next, BNI AM IDX-PEFINDO Prime Bank Index Mutual Fund Class R1, BNI-AM Sharia Growth Index Mutual Fund and BNI-AM Short Duration Bond Index Mutual Fund class R1.
Meanwhile, BNI AM's managed funds decreased 5.82% year-on-year (YoY) to IDR 25.94 trillion as of April 2024, compared to the position in April 2023 of IDR 27.54 trillion.
Meanwhile, BNI AM's AUM in April 2024 also fell 11.08% compared to January 2024 of IDR 29.17 trillion.
"If we look at the moment, there is indeed a decline, but we remain optimistic that we can achieve the target of IDR 34 trillion. Because, if you look at the history of the last three years, investors redeemed from May to September, but returned again in October, like the Sell in May trend ," he concluded.
Link.https://m.bisnis.com/amp/read/20240520/92/1767114/ambisi-bni-am-masuk-jajaran-top-5-mi-pada-2024