Heaptalk, Jakarta — HSBC Indonesia collaborates with BNP Paribas Asset Management (BNP Paribas AM) to launch a mutual fund product called BNP Paribas DJIM Global Technology Titans 50 Syariah USD (BNPP Global Tech Titans) (08/13).
BNPP Global Tech Titans is a stock index mutual fund that offers investors access to the world’s 50 most prominent technology companies. By replicating the performance of the Dow Jones Islamic Market Global Technology Titan 50 index, this mutual fund aims to capture exposure to the rapidly growing global technology sector, assisting investors diversify their investment portfolios.
HSBC’s Affluent Investor Snapshot 2024 report unveiled that out of 500 Indonesian affluent investors respondents, on average, hold 5.4 investment products in their portfolio. This figure is the highest compared to investors from other respondent countries. Other findings exhibit 57% plan to expand portfolio diversification by investing in different markets.
Available on mobile banking app
According to Lanny Hendra, Wealth and Personal Banking Director at HSBC Indonesia, this product is expected to be an option for the company’s customers to capture the growth potential of the global technology sector, particularly in the artificial intelligence (AI) and automation, while still adhering to the principal of sharia investment.
This latest mutual fund can be easily accessed via the mobile banking app. “HSBC Premier customers can purchase BNPP Global Tech Titans mutual fund with a minimum investment of US$10,000, at across HSBC Indonesia branch offices with the assistance of our Relationship Manager. Other channel is through the HSBC Indonesia Mobile Banking application, which is now equipped with online investment account opening feature,” Lanny added.
On the occasion, Maya Kamdani, President Director of BNP Paribas AM, expressed her support for HSBC Indonesia in providing long-term investment options for its customers. Maya stated, “We offer a global technology theme through index mutual funds to provide transparency and ease of monitoring by investors, as well as representative constituent participation amidst the dynamics of the technology sector. In addition to innovative investment solutions, we strive to meet investor needs by understanding investment.”
