Unit-linked Allianz Life Demonstrates Diversification Strength and Stable Performance
Jakarta, CNBC Indonesia — In recent years, global financial markets have fluctuated moderately to significantly. This environment has made investment management of unit-linked products challenging.
In the Best Unit-Linked Investment Performance evaluation organised by CNBC Indonesia Research in collaboration with PT Infovesta Utama, a number of investment products from PT Asuransi Allianz Life Indonesia have recorded measurable historical track records across multiple time horizons.
Comprehensively, there are nine product entries from PT Asuransi Allianz Life Indonesia that made it into the standings table. The presence of these products spans various core asset classes, from equity instruments, to fixed-income instruments, and to pure money market instruments.
The cross-period performance measures — namely one year, three years and five years — aim to test the capability of fund managers’ investment strategies to face different macroeconomic cycles, including phases of global central bank rate tightening and inflation dynamics.
Performance of the Conventional Equity Line Denominated in US Dollars
In the space of risk assets, the main spotlight is on the performance of the Smartwealth Dollar Equity World Opportunities Funds USD. This product competes in the Conventional Equity — 3 Year Return category and records an accumulated historical return of 139.62%.
In the comparator assessment matrix, this product earns a Total Score of 151.20, the highest figure among all entries in the list.
The three-year period represents a crucial window for global equity markets. The product’s performance reflects a portfolio management approach with direct exposure to offshore assets (offshore equity).
The achievement of triple-digit returns indicates that the asset allocation strategy is effectively capitalising on the momentum of the global economic recovery and capturing upside potential from the movers in international exchanges.
Such instruments are generally aimed at insurance customers with an aggressive risk profile that have a medium-to-long-term growth orientation.
Resilience of Fixed Income Portfolios Amid the Interest Rate Regime
In the fixed income segment, Allianz Life Indonesia’s products show diversification through USD and Rupiah denominations. In the Dollar Fixed Income category, the Smartwealth Dollar US Bond Fund is recorded across two measurement periods.
In the Dollar Fixed Income — 5 Year Return period, the yield stands at 21.37% with a Total Score of 24.00. Meanwhile in the Dollar Fixed Income — 3 Year Return period, the product posts a return of 22.95% and a Total Score of 26.60.
Still denominated in foreign currency but for shorter evaluation tenors, the SmartLink Dollar Managed Fund sits in the Dollar Fixed Income — 1 Year Return category with a return of 7.37% and a Total Score of 28.80.
Turning to domestically denominated bonds, the Savings Plan Fixed Income Fund falls in the Rupiah Fixed Income — 1 Year Return category. The instrument yields 11.22% with a Total Score of 61.60. Fundamentally, fixed-income performance is heavily influenced by fluctuations in the benchmark interest rate policy.
The ability to sustain positive returns in this phase indicates adaptive duration management and the process of selecting underlying assets such as government or corporate bonds that prioritise stability and risk management.
Stability Function in the Conventional Money Market Line
Money market instruments play a key role as liquidity-preserving tools and in limiting overall asset volatility. Allianz Life Indonesia’s money market product line features across several horizons. The GroupLink Money Market Fund is observed in three measurement horizons within the Conventional Money Market category.
For the 5 Year Return period, GroupLink Money Market Fund records a return of 20.77% and a Total Score of 28.40. For the 3 Year Return, the return is 14.98% with a Total Score of 31.80. Then, for the 1 Year Return, the same product delivers a return of 5.18% with a Total Score of 36.80.
Completing this category, Savings Plan Money Market Fund is included in the Conventional Money Market — 1 Year Return group with a return of 5.42% and a Total Score of 39.20. A yield around 5% in one year shows a reasonable correlation with domestic policy rates and domestic deposit instruments.
Industry Unit-linked Quantitative Perspective
For information, the quantitative methodology in CNBC Indonesia Unitlink Award uses historical return metrics which are then converted into the Total Score formulation prepared by Infovesta Utama.
The score reflects the cumulative assessment based on relative competitive strength of a product when juxtaposed with its peer group or the industry comparator group. The higher the score, the greater the differentiation of the product’s performance from the market average.
Investors and policyholders are urged to exercise caution in reviewing the track records of investment products before placing long-term funds. Investment decisions cannot rely solely on short-term performance claims.
The presence of nine unit-linked fund entries from Allianz Life Indonesia in the overall table provides an illustration that disciplined asset allocation is a fundamental variable for an insurance company.
The fund manager’s ability to balance allocations between growth assets (equities) and defensive assets.