Surya Timur Alam Raya Asset Management (STAR AM) was one of five investment managers who managed to record the largest growth in mutual funds under management last month.

Bareksa noted that funds managed by the STAR AM mutual fund increased by IDR 1.72 trillion, to IDR 3.85 trillion in October compared to September 2021 which was IDR 2.13 trillion.

Top 5 MI with the highest increase in mutual fund managed funds last month:

CEO of STAR AM, Reita Farianti said that STAR AM continues to strive to provide optimal performance in the mutual fund products it manages. "In line with this, in 2021 we will also aggressively expand our product distribution partners through fintech mutual fund sales agent (APERD) and bank channels," said Reita to Bareksa in a written interview (16/11/2021).

Reita explained that as of the end of October 2021, there were a total of 13 APERD STAR AM distribution partners. "This number is much higher than at the end of 2020 which was only 5 APERD," he said.

Apart from the distribution channel through APERD, he continued, STAR AM is also growing because it accommodates the financial needs of institutional and HNWI (High-Net-Worth Individual) customers through STAR AM products. "So in general, the growth in our managed funds comes from competitive and optimal product performance coupled with the rapid growth of APERD distribution partners and the number of our Institutional and HNWI customers," said Reita.

STAR AM is a subsidiary of PT Aldiracita Sekuritas Indonesia, a brokerage institution which was founded on May 5 2004 and obtained a Securities Company operational license as an Investment Manager from the Financial Services Authority (OJK) - Financial Services Authority Letter d/h BAPEPAM LK No. KP-09 / PM / MI / 2004.

Source: https://www.bareksa.com/