Based on Infovesta data, Star Equity II's performance during November 29 2019-December 30 2019 recorded an increase of 8.54 percent, while year to date it grew 2.93 percent.

In the midst of the sluggish performance of stock mutual funds recently, PT Surya Timur Alam Raya (STAR ​​AM)'s stock mutual fund product, Star Equity II, recorded excellent performance.

Based on Infovesta data, Star Equity II's performance during November 29 2019-December 30 2019 recorded an increase of 8.54 percent, while year to date it grew 2.93 percent.

When asked about the mix of its stock mutual fund product portfolio, Director of STAR AM I Nengah Sukerja said that the portfolio is mixed with the majority of shares in the basic industry and chemical sectors, one of which is shares in the paper industry.

The reason is, they see an opportunity in this sector because of the increasingly intense online shopping trend. This trend will increase the need for paper for packaging packages and so on, so it is predicted that issuers in the paper industry sector will continue to increase.

"So we hope and have predictions that in the future there will be a need for higher and better body packing," he said when met, Friday (31/1/2020).

Apart from this concoction, I Nengah admitted that he did not implement any other special strategy except paying attention to the current momentum and targeting stocks that were being corrected.

"Essentially, the strategy is just normal," he said.

STAR AM itself currently manages more than 15 investment products, both debt securities, shares, both conventional and non-conventional with total funds under management as of December 2019 amounting to IDR 3.6 trillion.

Source: Bisnis.com