Stanchart Mutual Fund Shares Selling U.S. Dollar MAMI

Standard Chartered Bank became the official distributor of the mutual fund Greater Manulife Indonesia Fund (MGIF) in May of this. It was the product of mutual fund shares denominated in U.S. dollars under management of PT Manulife Asset Management Indonesia (MAMI).

President Director of MAMI, Legowo Kusumonegoro, said that Standard Chartered Bank is the first bank realtors who market these products to the general public. "We have established good cooperation with Standard Chartered Bank for 11 years and with good service quality and breadth of the marketing that is owned by Standard Chartered, we believe this partnership will give more benefits to customers both institutions," said Legowo, the Kompas.com release received on Monday (5/21/2012).

With a minimum investment of 100 dollars, a customer with an appropriate risk profile, can directly be MGIF mutual fund investors in all branches of Standard Chartered Bank. In addition to investing in U.S. dollar, investors still get a capital market investment opportunities in Indonesia.

Lanny Hendra, General Manager of Wealth Management & Marketing Country Head Consumer Banking Standard Chartered Bank as a product look unique MGIF remember this is the only mutual fund shares are denominated in U.S. dollars Indonesia.

"We see Greater Manulife Indonesia Fund as a unique product recall of this product is the only mutual fund shares are denominated in U.S. dollars Indonesia," said Lanny.

Since its launch on 14 September 2011, MGIF yield of 23.93 percent by the end of March 2012. This performance is much better than the criterion, namely JCI in U.S. dollars, 3.17 percent performing in the same period.

Currently, MAMI manages 17 mutual funds. In addition to six equity funds, where one of them is Greater Manulife Indonesia Fund, MAMI also manages six mutual funds fixed income, mutual funds 3 mixture, and two money market funds.