Millenium aims to achieve 200 billions rupiah

Jakarta : PT Millenium Danatama Indonesia is targeting on achieving 200 billions rupiah fund until the end of 2008 from the discretionary fund product.
From the launching of the mutual fund products, Millenium Danatama Indonesia put target on 500 billions fund, and until the end of the year the fund would achieve 700 billions rupiah.
Up until now, there were four pension funds which have trusted their fund management to Millenium Danatama with 100 billions amount.
PT Millenium Danatama Indonesia’s commissioner, Angie Christine, said the company was trying to strike a deal with BPD Dana Pensiun Jateng and BPD Dana Pensiun Jabar to manage discretionary fund.
“We are studying the launching of the product combining mutual fund and insurance. We also plan to issue a mixed fund product.” She said the company was aiming for 200 billions rupiah fund from the fixed income mutual fund.
The product will be designated for pension fund investors. Millenium Danatama’s Vice President Product and Business Development, Ginung Pratidina added the decreasing of the IHSG will be good opportunities to buy portfolio in market for underlying asset.
    “At this moment, a deep correction happened on IHSG, so it will be a good opportunity to buy warranty.”

***Bisnis Indonesia daily 19th March 2008