BNP Paribas Asset Management, DBS Bank issue first tech Islamic mutual fund in Indonesia
JAKARTA – Responding to a shift in investor demand, BNP Paribas Asset Management and DBS Indonesia have issued the first technology-themed Islamic mutual fund in Indonesia.
DBS Bank Indonesia will act as selling agent to distribute the BNP Paribas DJIM GT Titans 50S USD.
“The COVID-19 pandemic has accelerated the growth of the new economy and there is a shift in investor behavior triggered by it, which diverts investors’ attention from the traditional sectors, and encourages technology stocks to grow rapidly globally,” Priyo Santoso, President Director of PT BNP Paribas Asset Management told members of the media on Wednesday (September 22).
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