economy

Eastspring And DBS Indonesia Launch The Eastspring ESGQ45 IDX KEHATI Index Fund

Eastspring Investments Indonesia, as the investment manager, has partnered with Bank DBS Indonesia as the custodian bank to launch the Eastspring ESGQ45 IDX KEHATI Index Fund. This fund aims to provide a sustainable investment solution for the future. The launch event featured key figures including Sulystari, Director of Eastspring Investments Indonesia; Kunardy Lie, Head of Institutional Banking Group at PT Bank DBS Indonesia; Dandy Pandi, Head of Global Transaction Services at PT Bank DBS Indonesia; Riki Frindos, Executive Director of the KEHATI Foundation; and Ignatius Denny Wicaksono, Head of Business Development Division 2 at the Indonesia Stock Exchange.

This collaboration reflects the commitment of Bank DBS Indonesia and Eastspring Indonesia to play a significant role in the financial planning of the community, focusing on Environmental, Social, and Governance (ESG) principles. They are dedicated to promoting investments that are environmentally friendly, socially responsible, and uphold high ethical standards. The Eastspring ESGQ45 IDX KEHATI Index Fund is an excellent choice for those looking to invest in a product that benefits both the environment and society in the long term.

Sulystari, Director of Eastspring Indonesia, stated that the Eastspring ESGQ45 IDX KEHATI Index Fund is available in Rupiah. As the first fund to utilize the ESGQ45 IDX KEHATI index, it is designed for investors seeking an ESG approach in their investments. This is because the fund includes stocks from companies that are leaders in Environmental, Social, and Governance (ESG) rankings.

By implementing ESG practices, Eastspring Indonesia aims to provide solutions for investors and contribute to sustainable investment in the Indonesian capital market. This aligns with the commitment of mutual fund industry players, supported by the Financial Services Authority (OJK), to enhance the variety of index-based investment products.

The Eastspring ESGQ45 IDX KEHATI Index Fund is an index fund that invests 80-100% of its assets in equity instruments offered through public offerings and traded on the Indonesia Stock Exchange. These investments come from a collection of securities listed in the ESG Quality 45 IDX KEHATI Index.

Additionally, this fund can allocate up to 20% of its investments in equity instruments traded both domestically and internationally, domestic money market instruments with a maturity of no more than one year, and/or deposits.

The ESGQ45 IDX KEHATI Index includes stocks with above-average ESG performance in their sector on the Indonesia Stock Exchange, with evaluations and updates to the stock list occurring in May and November each year.

During the evaluation process, the weight of each stock in the index is capped at a maximum of 15%. The weighting for each stock is set to be at least 80% and no more than 120% of its respective weight in the ESG Quality 45 IDX KEHATI Index, while also measuring the tracking error of the EASTSPRING ESGQ45 IDX KEHATI's performance against the ESG Quality 45 IDX KEHATI Index.

Kunardy Lie, Head of Institutional Banking Group at PT Bank DBS Indonesia, stated that as a bank with the vision of being the "Best Bank for A Better World," Bank DBS Indonesia fully supports services for clients committed to ESG, not only for Investment Managers (IM) but also for other financial institutions, including insurance companies, pension fund managers, commercial banks, corporate clients, and retail customers.

Tag: DBS Indonesia Eastspring ESGQ45 IDX KEHATI Index Fund KEHATI Foundation