The Right Time to Venture into Global Investment via Offshore Mutual Funds
JAKARTA – 2026 represents a relevant moment for Indonesian investors to seriously consider diversifying their investments into global markets. The increasingly fragmented investment landscape, no longer dominated by a single country or theme, opens new opportunities through sharia-compliant foreign securities-based mutual funds.
Amica Darmawan, Head of Equity at PT BNP Paribas Asset Management, stated that 2026 is the right year for diversification into global markets, drawing on the relatively dynamic global economic situation throughout 2025.
“Despite the tariff war at the beginning of 2025, global economic growth remains relatively resilient. There is still global uncertainty, but policy approaches tend to be measured,” she said on Thursday, 26 February 2026.
Amica outlined how during the second half of 2025, various countries implemented increasingly broad fiscal stimulus. The United States pursued expansionary fiscal policy, Europe increased medium-term strategic spending, whilst Japan launched sustained fiscal stimulus extending into 2026.
On the monetary side, many central banks have cut interest rates since late 2024. The transmission effects of this easing, which typically require 6–18 months to materialise, are expected to continue supporting macroeconomic growth and financial market performance going forward.
Recent developments, including the United States Supreme Court’s annulment of global trade tariff enforcement, are also viewed as a positive development for more conducive global trade with positive impacts on consumption growth.
According to Amica, the investment constellation in global markets is currently more attractive because market performance direction is increasingly diversified. Previously, the market showed very high interest in the United States with technology sector and artificial intelligence (AI) themes, which delivered strong profitability gains since 2024. Nevertheless, the AI sector remains fundamentally attractive because valuations of AI-leading companies remain reasonable and corporate adoption continues to increase widely.
“However, since 2025, market concentration has begun to spread to other regions such as Europe, Japan, and Asia. China, for instance, entered 2026 on firmer footing following significant rebound in 2025, driven by monetary-fiscal policy and technology innovation themes. Cross-regional and cross-thematic diversification will remain a key investment theme in 2026,” she explained.
INCREASINGLY EDUCATED
Amica also noted a shift in the character of Indonesian investors in recent years. Retail investors are now more educated and interest in global assets with thematic strategies continues to grow. Risk is no longer something to be avoided, but rather should be managed disciplined to achieve long-term investment goals.
For investors with more conservative characteristics, global approaches can still be undertaken in a measured manner. BNP Paribas Asset Management, for instance, provides solutions ranging from fixed income denominated in US dollars with curated investment options.
For the equity asset class, BNP Paribas Asset Management offers various products with global themes. These include active mutual funds with diversified exposure to developed-country equities, funds focusing on the Greater China region, and index mutual funds replicating 50 leading global technology companies, all applying sharia principles.
Specifically, BNP Paribas DJIM Global Technology Titans 50 Sharia USD is a sharia-compliant equity index mutual fund investing overseas with passive fund management, allocating 80%–100% to global equity sharia-compliant securities. This fund is designed to replicate the performance of the Dow Jones Islamic Market (DJIM) Global Technology Titans 50 index, which encompasses 50 of the world’s largest technology companies, including companies in artificial intelligence (AI) and automation, whilst adhering to sharia principles.
Additionally, BNP Paribas Greater China Equity Sharia USD is a sharia-compliant equity fund using US dollars (USD) and offering long-term potential with investment focus on various companies in the China, Hong Kong, and Taiwan region. This product, launched on 15 January 2020, integrates sharia principles with Environmental, Social, and Governance (ESG) approaches. With 80%–100% equity asset allocation, the fund recorded strong performance as of February 2026, with one-year returns of 25.94%.
Additionally, there is the BNP Paribas Cakra Sharia USD mutual fund, a sharia-compliant equity fund using US dollars and oriented towards overseas (offshore) investment. This product promises long-term investment growth potential.
BNP Paribas AM also conducts investor education regularly, not only from local experts but also complemented by global experts from the BNP Paribas group. “The key point is not chasing short-term returns, but rather consistent and disciplined diversification. We encourage investors to always align product choices with their own objectives and risk profiles,” she concluded.