Asjaya issues mutual funds

JAKARTA (JP): PT Asjaya Indosurya Securities launched two open-end mutual funds to the public yesterday.

The company said in a statement that Dana Mentari and Dana Khatulistiwa would each offer 500 million units to the public under different investment targets.

Dana Mentari would consist of 80 percent investment in bonds and the remainder in money market instruments.

"The money market instrument would include the rupiah and other foreign currencies," the company said.

Dana Khatulistiwa would comprise 80 percent investment in equity and the remainder in money market instruments. (aly)