HSBC, Schroders launch mutual fund<\/p>\n
JAKARTA: The Hongkong and Shanghai Banking Corporation Limited
\n(HSBC) and PT Schroders Investment Management Indonesia have
\nlaunched \"Reksa Dana Smart Invest\", a new mutual fund aiming to
\noffer investors the potential to earn high returns through a low
\nrisk investment.<\/p>\n
\"The rupiah denominated fixed-income mutual fund will invest
\nmostly in Indonesian recap bonds. With a minimum investment
\nrequirement of Rp 20 million, investors can earn up to
\napproximately 12 percent per year,\" HSBC senior vice president
\nLily Budiono said on Thursday at a news conference.<\/p>\n
There are no lock-in periods associated with the fund, which
\nmeans investors can redeem their investment at any time without
\nincurring a redemption penalty, she said.<\/p>\n
The fund will be managed by Schroders and distributed
\nexclusively for HSBC customers.<\/p>\n
\"Our market research indicates that customers want to invest
\nin a fund that offers high returns but low risk. 'Reksa Dana
\nSmart Invest' has been specially designed by HSBC and Schroders
\nas the solution to address our customers' needs,\" Lily said. --
\nJP<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/hsbc-schroders-launch-mutual-fund-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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