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Indonesia sub-advisory business beckons foreign fund houses

Bernadette Tio
JP Morgan Asset Management's new sub-advisory partnership with Indonesian fund firm Mandiri Investasi may herald more such deals, amid growing local demand for global assets.
Indonesia sub-advisory business beckons foreign fund houses

Indonesia is set to provide international fund firms with a growing pool of sub-advisory business, after JP Morgan Asset Management recently won the first such local mandate for an Islamic global equity fund. 

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