To support educational development and scholarships programs for students, UGM in cooperation with PT CIMB-Principal Asset Management (CPAM) launched mutual funds 'UGM CIMB-Principal Balanced' in University Club on Monday (28/11) evening. The mutual fund is also open to the general public. "With funds worth at least five hundred thousand rupiah, a person can purchase a mutual fund and get double benefits both in investment as well as in the efforts to develop education and scholarship at UGM," said UGM Rector, Prof. Ir. Sudjarwadi, M.Eng. PhD.
Director of PT CPAM, Reita Farianti, is optimistic though not yet able to mention the benefits of the new UGM CIMB-Principal Balanced mutual fund product. She hopes the new product is, at least, able to match a similar program that was launched in 2001.
"If we calculate total returns since 2001 that can be achieved by investors now reached up to 275 percent. It is a quite promising benefit. This investment also shows that we care about education," said Reita Farianti.
In the midst of a turbulent financial market conditions and to further provide security to investors, UGM mutual funds will be managed by high flexibility. This is possible because this type of mutual fund has a mixed investment guidelines. Each 1 to 79 percent is invested in stocks, bonds and financial market instruments in the country. "The flexibility is expected to provide interesting and competitive growth levels in various market conditions. However, it is certain that of the Mutual Fund, 1 percent will be set aside for various student activities," he said.
Agus Salim CFA, also director in the regional investment manager company said, in the first program of September to January 2007, UGM was able to reap Rp9.497 billion. While in the second period of October 2006 to April 2011, UGM earned Rp 1.2 billion. "The third time launching was expected to be able to produce total returns equal to that in the first period," said Agus.
Meanwhile, Chairman of Investment Committee, Dr. Didi Achjari, S.E, Akt., M. Com, who is also lecturer of Faculty of Economics and Business hopes that Indonesia's macroeconomic conditions can grow better in the future. Therefore, the conditions will affect the investors’ climate, so it can achieve substantial gains as well.
"The investors’ interest continues to increase from year to year, but it must be recognized that investment amount in mutual funds has not been in the same level with the investment in the property sector, deposits, and gold. That is why we continue to encourage people so that these mutual funds become more popular," said Didi.