Indonesia to allow derivatives-based protected funds again
The regulator is ready to allow the launch of such products, having frozen them in 2008. But it has more liberalising to do, says Tino Moorrees of BNP Paribas Investment Partners in Jakarta.
Since 2008, the launch of equity-linked protected funds using derivatives and funds using constant-proportion portfolio insurance (CPPI) strategies has been halted in Indonesia.
But the capital markets regulator, Bapepam, indicated in recent weeks that it is ready to start approving such products again, says Tino Moorrees, president director at BNP Paribas Investment Partners (BNPP IP) Indonesia.
However, it needs to go further in allowing other types of investment products, he sugges…
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