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JAKARTA. Make Money Blog $, Investment Manager, the more tempted the charm of the domestic stock market. One example of MI is infiltrating into the stock market is Sinarmas Securities Indonesia.
Slowly but surely, a subsidiary of Sinarmas Group is holding shares of PT Bakrieland Development Tbk (ELTY) in significant amounts. Sinarmas Securities, through mutual fund products Danamas Stable, recorded in ELTY ownership of 9.02%, or the equivalent of 3.6 billion shares. This is based on information disclosure to the Stock Exchange ELTY Indonesia, Monday (1 / 8) then.
Referring RTI data, Danamas Stable ELTY registered as a shareholder since July 21, 2011, or have entered the 10th day until yesterday. With reference price per share ELTY Wednesday (3 / 8) worth Rp 169 per share, the share Danamas Stable reached Rp 608 billion.
Director Sinarmas Securities, Hermawan Hosein, did not dispute the data. He even mentions, total funds under management Danamas Stable almost Rp 3 trillion. Thus, the portion of shares equal ELTY 20.27% of total funds under management Danamas Stable.
This shows that the policy of placement of funds under management Danamas Stable stocks ELTY violate Regulation of Capital Market Supervisory Agency of Financial Institutions Supervisory Agency (Bapepam LK) Number IV.B.1 on Guidelines for Management of Mutual Funds in the Form of Collective Investment Contracts.It prohibits MI beleid put 10% of funds under management of mutual funds in securities issued by one company.
Head of Investment Management Bureau of Bapepam-LK, Djoko Hendratto, confirmed the agency will impose strict sanctions for MI who violate the rules of mutual fund portfolio holdings.
Sanctions will be imposed if the MI still hold more than 10% of the funds for 10 consecutive days. Bapepam will ask for MI to change their portfolios. If not met, MI will be called to Bapepam and must not sell the product anymore because it does not fit with the investment policy in the prospectus. "If you're still not going well, mutual fund products that can be dissolved," said Djoko.
But, says Djoko, MI generally get around the rule by changing its portfolio prior to 10 days, so avoid the sanctions. "It could be 10 days before the portfolio has changed," he said.
President Director Sinarmas Securities, Kokarjadi Chandra, claimed not check porfolionya. "There may be, but for short-term investments. I'll check first," he said to KONTAN.
Hermawan chimed in, there may be errors in the placement of funds. "But soon we will finish," he said via text message.
Source: http://investasi.kontan.co.id
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Slowly but surely, a subsidiary of Sinarmas Group is holding shares of PT Bakrieland Development Tbk (ELTY) in significant amounts. Sinarmas Securities, through mutual fund products Danamas Stable, recorded in ELTY ownership of 9.02%, or the equivalent of 3.6 billion shares. This is based on information disclosure to the Stock Exchange ELTY Indonesia, Monday (1 / 8) then.
Referring RTI data, Danamas Stable ELTY registered as a shareholder since July 21, 2011, or have entered the 10th day until yesterday. With reference price per share ELTY Wednesday (3 / 8) worth Rp 169 per share, the share Danamas Stable reached Rp 608 billion.
Director Sinarmas Securities, Hermawan Hosein, did not dispute the data. He even mentions, total funds under management Danamas Stable almost Rp 3 trillion. Thus, the portion of shares equal ELTY 20.27% of total funds under management Danamas Stable.
This shows that the policy of placement of funds under management Danamas Stable stocks ELTY violate Regulation of Capital Market Supervisory Agency of Financial Institutions Supervisory Agency (Bapepam LK) Number IV.B.1 on Guidelines for Management of Mutual Funds in the Form of Collective Investment Contracts.It prohibits MI beleid put 10% of funds under management of mutual funds in securities issued by one company.
Head of Investment Management Bureau of Bapepam-LK, Djoko Hendratto, confirmed the agency will impose strict sanctions for MI who violate the rules of mutual fund portfolio holdings.
Sanctions will be imposed if the MI still hold more than 10% of the funds for 10 consecutive days. Bapepam will ask for MI to change their portfolios. If not met, MI will be called to Bapepam and must not sell the product anymore because it does not fit with the investment policy in the prospectus. "If you're still not going well, mutual fund products that can be dissolved," said Djoko.
But, says Djoko, MI generally get around the rule by changing its portfolio prior to 10 days, so avoid the sanctions. "It could be 10 days before the portfolio has changed," he said.
President Director Sinarmas Securities, Kokarjadi Chandra, claimed not check porfolionya. "There may be, but for short-term investments. I'll check first," he said to KONTAN.
Hermawan chimed in, there may be errors in the placement of funds. "But soon we will finish," he said via text message.
Source: http://investasi.kontan.co.id
please give me comments thanks
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