Over 10 Investment Managers Keen to Issue Gold ETFs

The Indonesia Stock Exchange (BEI) has stated that more than 10 investment managers have expressed interest in issuing gold exchange-traded fund (ETF) products. BEI Corporate Secretary Kautsar Primadi Nurahmad said that several investment managers have even signed cooperation agreements with related parties in the gold ETF product ecosystem.

“From an industry readiness perspective, market players’ interest in this product is quite high,” Kautsar told Tempo on Sunday, 19 April 2026. To accommodate the issuance of gold ETFs, BEI is currently adjusting regulations, which are expected to take effect soon.

Kautsar explained that the development of gold ETFs is currently in the pre-launch phase. The current development process has included the preparation of the product structure and business model, the readiness of the supporting ecosystem from investment managers to participant dealers, as well as the finalisation of regulatory aspects at the Self-Regulatory Organisation (SRO) level and operational aspects.

The Financial Services Authority (OJK) targets the launch of gold-based ETF products in the second quarter of 2026. OJK’s Executive Head of Capital Market, Derivatives Finance, and Carbon Exchange Supervision, Hasan Fawzi, said that all stakeholders are currently finalising preparations for the launch of gold ETFs.

“Considering the existing progress, our target seems to be heading towards the launch still being carried out in the first semester of 2026 or Q2 2026,” Hasan said during an online press conference on Monday, 6 April 2026. OJK itself has issued the legal foundation in the form of OJK Regulation Number 2 of 2026 concerning Mutual Funds in the Form of Collective Investment Contracts whose Participation Units are Traded on the Stock Exchange with Underlying Assets in the Form of Gold.