PT Insight clarifies

PT Insight clarifies

We would like to thank you for attending our product launching
of the i-Hajj Syariah Fund and writing about it in The Jakarta
Post, on Jan. 19, titled First sharia-based mutual fund launched.

However, we would like to correct some inaccuracies found in
the article.

The title: First sharia-based mutual fund launched. Our
product is not the first sharia-based mutual fund. We are the
first fund manager that has created a sharia-based mutual fund
with a unique scheme of 1 percent from net asset value to be
allocated as a social fund, especially for low income people to
go on the haj pilgrimage to Mecca.

The fifth paragraph: "Pulungan did not explain whether or not
the i-Hajj Syariah Fund would be listed on the capital market.
But the company prospectus said the Capital Market Supervisory
Board (Bapepam) had not issued a statement on the approval of the
fund".

When a fund management firm initiates a public presentation
for its mutual fund, there is no question of whether or not the
mutual fund will be listed on the capital market. It is
automatically listed on the capital market. As a fund management
firm we are regulated by the rules of Bapepam and it would be
impossible to carry out a launching program while the statement
on the approval of the fund has not been issued.

SITI ARIMBI PULUNGAN
Director
PT Insight Investments Management
Jakarta

Note: Thank you for your corrections.

--Editor