Indonesia Abeerdeen to launch Islamic mutual funds, eyes AUM $583.94m by 2019

Indonesia Abeerdeen to launch Islamic mutual funds, eyes AUM $583.94m by 2019

president director and CEO Sigit Pratama Wiryadi (right) - Photo by Vincencia NLS

Indonesia fund manager PT Aberdeen Asset Management is preparing to sell the first Islamic mutual funds with offshore assets. The firm also hoping to be one of the country’s top five fund managers by assets under management (AUM) Rp 8 trillion ($582.94 million) in the next five years.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter