AXA Financial Indonesia Unit-Linked Products Deliver Competitive Returns
Jakarta – Amid fluctuating global financial market dynamics in recent years, consistent performance has become a key indicator for assessing the quality of unit-linked product management.
In the Best Unit-Linked Investment Performance assessment conducted by CNBC Indonesia Research in collaboration with PT Infovesta Utama, several products from PT AXA Financial Indonesia demonstrated impressive performance across both short and long-term investment horizons.
Based on return management data covering one-year, three-year and five-year periods, the company’s unit-linked products recorded competitive returns within their respective categories, particularly in conventional equities and Islamic mixed funds. AXA Financial won seven evaluation categories in total.
Dominance in Conventional Equities Over Five Years
The primary highlight came from the Maestro Offshore Equity Funds USD product in the Conventional Equities – 5 Year Return category. This product recorded a return of 54.89% over the past five years, making it one of the most outstanding performers in the long-term period whilst achieving the highest Total Score of 125.00 in the assessment table.
This performance reflects a global equity-based investment strategy capable of capitalising on market recovery momentum and the strengthening of foreign assets in recent years.
Consistency of Islamic Products Across Various Time Horizons
Beyond conventional excellence, AXA Financial Indonesia’s Islamic product line also demonstrated stable and consistent performance.
In the Islamic Mixed – 5 Year Return category, two products recorded competitive results: Maestro Balanced Syariah Rupiah with a return of 29.76% and Total Score of 18.60, and Syariah Progressive Rp with a return of 28.96% and Total Score of 17.60.
By characteristic, both products fall within the Islamic mixed segment (balanced funds), which typically allocate portfolios to a combination of Islamic equities and Islamic fixed-income instruments such as sukuk. This strategy is designed to deliver optimal capital growth whilst maintaining stability through asset diversification.
The five-year performance approaching 30% demonstrates that this allocation strategy successfully captured momentum from Islamic equity market growth whilst managing downside risk during periods of increased volatility.
In the three-year return period, both products again showed consistency: Maestro Balanced Syariah Rupiah with a return of 28.86% and Total Score of 21.00, and Syariah Progressive Rp with a return of 28.38% and Total Score of 20.00.
The past three years represented a phase marked by significant fluctuations, ranging from global interest rate adjustments, inflationary pressures to domestic equity market dynamics. In this context, both products’ ability to maintain returns around 28% reflects adaptive portfolio management.
Effective Islamic balanced funds typically employ a tactical asset allocation approach—increasing equity exposure when growth prospects strengthen and increasing sukuk allocation when market risk rises. Stable returns in the three-year period indicate that this strategy was executed with discipline.
Meanwhile, in the shorter one-year return period, performance remained solid: Maestro Balanced Syariah Rupiah with a return of 23.09% and Total Score of 25.60, and Syariah Progressive Rp with a return of 22.84% and Total Score of 24.60.
Double-digit returns within one year demonstrate the products’ ability to respond to short-term market momentum without compromising prudential principles. In this phase, sector rotation speed, appropriate Islamic equity selection, and sukuk duration management become important factors in driving performance.
Notably, scores in the one-year period were relatively higher than longer horizons, indicating increasingly competitive strength within their comparison groups in the short term.
This consistency across periods represents an important indicator in assessing investment management quality, particularly for Shariah-based products that apply prudential principles and instrument selection in accordance with Islamic principles.
On the other hand, balanced fund category products typically allocate funds to a combination of equities and fixed-income instruments. This strategy aims to maintain balance between growth potential and stability.
Data shows that both Maestro Balanced Syariah Rupiah and Syariah Progressive Rp maintained relatively stable performance across all measurement time horizons—from one year to five years. This indicates the investment managers’ ability to conduct tactical asset allocation amid interest rate cycle changes, stock market volatility, and domestic economic dynamics.
Unit-Linked Industry Momentum
In the CNBC Unit-Linked Award methodology, historical returns constitute one of the primary indicators, but not the only one. The Total Score value represents an accumulation of assessments based on relative performance within its category.
The high score achieved by Maestro Offshore Equity Funds USD reinforces strong long-term performance strength, whilst consistency scores on Islamic products demonstrate stability and resilience against volatility.
This performance is relevant amid the unit-linked industry’s recovery phase following market pressures and regulatory adjustments in recent years. Investors are now increasingly selective, prioritising long-term track records and consistency as primary considerations.
Products demonstrating stable performance across various time horizons tend to have higher appeal, particularly for clients with moderate to aggressive risk profiles who are long-term focused.
The CNBC Unit-Linked Award 2026 serves as a platform for appreciating life insurance companies issuing unit-linked products that have maintained discipline in investment management, return consistency, and competitive strength.