Danareksa opens outlet

Danareksa opens outlet

JAKARTA (JP): State-owned fund manager PT Danareksa Fund
Management opened its second retail outlet yesterday at the
Jakarta International Trading Center in Mangga Dua, North
Jakarta.

Company president Iwan Pontjowinoto said the Sentra Investasi
Danareksa outlet would function as an investment information
center and a remote trading terminal for investors.

The company opened its first outlet in August at Pondok Indah
Mall, South Jakarta.

"The first outlet has so far drawn 100 investors and recorded
a transaction value of Rp 530 billion (US$224.57 million)," Iwan
said at the Mangga Dua outlet's opening.

He said both outlets would help Danareksa sell its mutual fund
units to individual investors.

Iwan said Danareksa would open its third outlet next week in
the BNI Tower in Surabaya.

Danareksa launched three mutual funds -- the Mawar Fund,
Anggrek Fund and Melati Fund -- in July. Each fund has 500
million units, each with a Rp 1,000 face value. (04)