PT Eastspring Investments Indonesia has signed an agreement with The Hong Kong and Shanghai Banking Corporation Ltd Indonesia (HSBC Indonesia) to distribute its Alpha Navigator equity fund to the bank’s retail customers in Indonesia.
Eastspring Investments Alpha Navigator is an open-ended equity fund designed to provide added value and lucrative long-term yields to investors.
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Alpha Navigator is said to navigate the market in search of added value (Alpha) for investors through concentrated stock picking and value investing.
Steven Suryana, wealth management head and senior vice president at HSBC Indonesia, said: "HSBC aims to build long term relationships by understanding and meeting our customers’ needs to manage and grow their wealth.
"The new fund will expand the choice of suitable investment solutions customers can select based on their goals and risk appetite."
Riki Frindos, president and director of Eastspring Investments Indonesia, added: "This equity fund focuses on ‘best ideas’ and uses investment opportunities from all sectors and companies of various sizes in order to deliver the most optimal investments results.
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By GlobalData"Our partnership with HSBC will expand our distribution network further and is part of our commitment to the development of the local mutual fund industry."
