Jakarta, October 9, 2024 - BNI Asset Management (BNI-AM) announced a collaboration with PT Bank SMBC Indonesia Tbk (Bank BTPN) on October 9, 2024. This collaboration marks the initial step of mutual fund sales collaboration through Bank BTPN's network as a Mutual Fund Selling Agent (APERD) to expand the distribution network of BNI-AM Mutual Fund products, especially index mutual funds in Indonesia. The launch of the collaboration was marked by the symbolic signing of the MoU by Acting President Director of BNI-AM, Ade Yusriansyah, and Bank SMBCI Deputy President Director Darmadi Sutanto at SEAI Restaurant, Menara Astra Jakarta (9/10/2024).

Complementing the ceremonial signing of the cooperation agreement, a question-and-answer session was opened discussing matters related to the cooperation between BNI-AM and Bank BTPN, including the benefits of cooperation for both institutions and also the benefits for Bank BTPN customers. In addition, the features of the collaborated mutual fund products and their benefits for customers were also discussed. Present as speakers at the talk show were BNI-AM Investment Director, Putut Endro Andanawarih along with Bank BTPN Head of Wealth Management Business and Network & Distribution, Helena.

In his remarks, Acting President Director of BNI-AM, Ade Yusriansyah welcomed the collaboration as an effort to strengthen business relations between Bank BTPN and the BNI Group, fulfill the needs of Bank BTPN customers for quality and more diverse mutual fund investment products and at the same time expand the marketing network of BNI-AM mutual fund products. "We welcome this collaboration and hope that in the future it will become a mutually beneficial business synergy for both parties and especially provide financial benefits and solutions for Bank BTPN customers. Another benefit for BNI-AM will certainly be to further expand the marketing network of mutual funds, especially index mutual funds which are our flagship products," said Ade Yusriansyah in his opening remarks.

"With the innovative application of Jenius from Bank BTPN which has a wide network, we are sure that it will make it easier for Bank BTPN customers to enjoy financial solutions from BNI-AM through various product promotions and financial literacy provided by BNI-AM and Bank BTPN. The convenience and innovation of Jenius are expected to not only increase the Number of Accounts (NoA) of new customers but also increase the benefits of financial inclusion initiated by OJK," added Ade Yusriansyah at the closing of his remarks.

In line with this, Bank BTPN Deputy President Director Darmadi Sutanto added, "we believe that BNI Asset Management mutual fund products can be an investment option for our customers so together we can realize a more meaningful life."

"Through this collaboration, we present investment solutions designed to provide more flexibility and better opportunities in an increasingly complex financial landscape. This collaboration reflects our commitment to providing complete financial solutions and services by presenting a variety of investment options that are tailored to the needs of various customer segments by utilizing digital technology support," said Darmadi.

Through this collaboration, BNI-AM adds 9 mutual funds to the Jenius product line, namely 1 (one) money market mutual fund (BNI-AM Dana Likuid), 2 (two) fixed income mutual funds (BNI-AM Teakwood and BNI-AM Ardhani Pendapatan Tetap Syariah) and 6 (six) index mutual funds (BNI-AM Indeks IDX30 (BNI30), BNI-AM IDX Growth 30, BNI-AM SRI-KEHATI Class R1, BNI-AM IDX - PEFINDO Prime Bank Class R1, BNI-AM PEFINDO i-Grade Class R1, BNI-AM IDX High Dividend 20.

BNI-AM currently has various flagship products to meet customer needs in the form of money market mutual funds, fixed income mutual funds, stock mutual funds, mixed mutual funds, ETF mutual funds and index mutual funds known as the "BNI-AM Family of Index Fund".

“BNI-AM Family of Index Fund” consists of 8 (eight) index funds that have different characteristics adjusted to the needs of customers who have different preferences. BNI-AM index mutual funds are created in collaboration with leading index providers such as IDX, PEFINDO and Yayasan KEHATI. Of the 8 (eight) index mutual funds members of the “BNI-AM Family of Index Fund” owned by BNI-AM, 6 (six) of them are already available on all BTPN Bank sales channels.

“Recently, mutual fund investment instruments based on stock indexes and fixed income mutual funds have been increasingly in demand by retail investors in Indonesia, especially in the era of the trend of declining interest rates, PWC even predicts that AUM of passive mutual funds in the US will continue to grow by 44 - 50% until 2030,” said Putut E Andanawarih as Investment Director of BNI-AM. "That is one of our considerations in launching 3 (three) new index mutual fund products to complete the "BNI-AM Family of Index Fund" ecosystem, namely: BNI-AM IDX - PEFINDO Prime Bank class R1, BNI-AM PEFINDO i-Grade class R1, and BNI-AM SRI-KEHATI Class R1. We hope that this index mutual fund product from BNI Asset Management can become a leading product at Bank BTPN and in the Jenius application and become a mutual fund product that can provide added value for loyal Bank BTPN customers this year and the years to come," said Putut closing the discussion.

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About BNI Asset Management
PT BNI Asset Management (BNI-AM) is one of the Financial Services Business Actors in the Capital Market industry. As a pioneer of the Investment Manager business in Indonesia, BNI-AM has a business licence as an Investment Manager from the Capital Market Authority with license number No. KEP-05/BL/MI/2011. This Investment Manager business has been pioneered since October 23, 1995 when it was still joined by PT BNI Sekuritas. With the development of the MI business, on July 7, 2011 BNI-AM spun off from BNI Sekuritas as a Limited Liability Company.

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