Jakarta (ANTARA) - PT Bank Central Asia Tbk (BCA), in collaboration\nwith PT Batavia Prosperindo Aset Manajemen (Batavia), has launched a US\ndollar-denominated Sharia equity mutual fund named Batavia Gold Sharia\nEquity USD (BAGOS).<\/p>\n
The product is aimed at customers with an aggressive risk profile who\ndesire investment exposure to the gold and precious metals sectors.<\/p>\n
\u201cAmid global economic dynamics, the collaboration between BCA and\nBatavia through the launch of the Batavia Gold Sharia Equity USD Mutual\nFund is expected to provide a variety of investment options for\ncustomers with an aggressive risk profile seeking exposure to the gold\nand precious metals sectors,\u201d said BCA Director Haryanto T. Budiman in\nan official statement in Jakarta on Saturday.<\/p>\n
BAGOS is an equity mutual fund managed by PT Batavia Prosperindo Aset\nManajemen, while BCA acts as the mutual fund selling agent.<\/p>\n
The product\u2019s investment policy involves 80\u2013100 per cent in\nSharia-compliant equity securities and 0\u201320 per cent in Sharia money\nmarket instruments and\/or Sharia deposits.<\/p>\n
Its investment portfolio includes mining companies focusing on the\ngold, silver, precious metals, and copper subsectors, as well as\ndiversification within the metal and mining industries.<\/p>\n
BAGOS can be acquired with a minimum initial purchase of 10,000 US\ndollars. For subsequent purchases, the minimum transaction via the myBCA\napplication is 100 US dollars, while through BCA branches, the minimum\nis 5,000 US dollars.<\/p>\n
President Director of PT Batavia Prosperindo Aset Manajemen, Lilis\nSetiadi, stated that the product could serve as a diversification option\nfor customers managing foreign currency portfolios.<\/p>\n
\u201cWith the support of BCA\u2019s extensive distribution network and\nreliable digital platform, we are optimistic that this product can be a\ndiversification solution for customers in managing their foreign\ncurrency portfolios,\u201d said Lilis.<\/p>\n
BCA and Batavia have maintained a partnership since 2015, offering\nvarious mutual fund products, including money market, fixed income,\nindex, and equity funds in both Rupiah and US dollar denominations.<\/p>\n
BAGOS was launched on Thursday (10\/9) and is available through BCA\nbranches that handle mutual fund transactions. Customers who have\npreviously purchased US dollar-denominated mutual funds at BCA can also\npurchase BAGOS through the Investment feature on the myBCA\napplication.<\/p>\n
BCA reminds investors that mutual funds are capital market products\nand not bank deposit products, and therefore are not covered by the\ndeposit insurance programme. Mutual fund investments also carry the risk\nof losing part or all of the invested capital.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/bca-and-batavia-launch-us-dollar-based-sharia-mutual-fund-1789203478", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }