Indonesian Political, Business & Finance News

Dharmala to launch fund

Dharmala to launch fund

JAKARTA (JP): Indonesia's Dharmala Group has teamed up with Jupiter Tyndall, the London-based asset management arm of Germany's Commerzbank, to launch a US$50-million investment fund company.

Dharmala said in statement yesterday that the new company, called Indonesia Fund, will be listed on the London Stock Exchange on Nov. 16 and will invest in Indonesian listed securities. (rid)

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