BII's mutual funds on the net

JAKARTA (JP): BII Lend Lease Investment and its affiliate, Sinar Mas Multiartha, jointly launched on Monday a website called Danamas.com to sell mutual funds to the public.

BII Lend Lease Investama president Indra Novan Ginting said that the on-line sales of mutual funds was the first service of its kind available in the country.

He said the website will give more opportunity to investors living outside Jakarta to buy all types of mutual funds faster and easier.

BII Lend Lease Investment, a joint venture between Bank International Indonesia and Australian Lend Lease Group, currently manages about Rp 198 billion of mutual funds. (cst)