Mutual Funds

Return of Fortis Equitra Reaches 87.2 Percent

VIVAnews - Fortis Equitra discretionary funds that PT Fortis Investment managed to provide return by 87.23 percent until 31 December 2008. It was higher than the composite stock price index recorded in the same period of 2008 with only 22.91 percent.

In 2008, as the stock index dropped by 50.64 percent, Fortis Equitra maintained decrease at 4.46 percent. Meanwhile, in 2007, when the stock index hiked by 52 percent, Fortis recorded 42 percent.

"The fluctuating market reminds investors of the high influence of the market decline over the value of investment portfolio," said Head of Sales and Marketing of Fortis Investments in Indonesia, Tino Moorrees.

According to Moorrees, by the end of 2008, the products of Fortis Equitra were capable of maintaining the value of net assets (NBA) per unit to be higher than minus five percent. 

Moorrees went on to say that Fortis also planned to launch the similar mutual funds products to meet investors needs having medium-risked profile. Such product as Fortis Equitra enables the company to minimize risk.

Fortis Equitra was first launched in October 2005. Upon entering the fourth year, 2009, Fortis Equitra has succeeded in protecting investors amidst market decline. In addition, the investment product has the potential to provide return as the capital market develops.

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Translated by: Bonardo Maulana Wahono

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VIVA.co.id
25 April 2024