Landmark Islamic funds set for launch in Indonesia
Four foreign houses with onshore operations are targeting sharia product launches after rules were relaxed, in a sign that the country is opening up. Regular mutual funds could be next.
.jpg&c=1&h=677&q=100&v=20244817&w=1204)
Four international managers are readying Indonesia's first Islamic mutual funds investing 100% in offshore instruments, in a sign that the country is starting to open to international investing.
Aberdeen Asset Management, BNP Paribas Investment Partners, Schroders and Manulife Asset Management – all of which have onshore operations – have received approval to launch their funds in the next few months, sources told AsianInvestor.
This comes after the November move by Indonesia’s …
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.