BII issues mutual funds

JAKARTA (JP): BII Lend Lease Investment Services announced yesterday it would issue its first two local mutual funds tomorrow.

The company expects to raise Rp 1.5 trillion (US$63 billion) from the funds, Super Saham and Superpundi Plus.

Super Saham will be a diversified fund emphasizing equity investments, while Superpundi Plus will primarily invest in fixed interest investments.

The two funds were established under a collective investment contract in cooperation with an independent custodian, Deutsche Bank.

BII Lend Lease is a joint venture of Bank Internasional Indonesia and Lend Lease Corporation Limited of Australia. (04)