Principal and IndoPremier Support SDG’s through Mutual Funds, Jakarta,25 November 2019
Jakarta, November 25, 2019 - PT Principal Asset Management (Principal) and PT Indo Premier Securities (Indo Premier) today announced partnership in providing mutual funds to help achieve the Sustainable Development Goals (SDG) targets in Indonesia.
The Principal's commitment is to launch the Principal Philanthropy Social Impact Bond Fund in the middle of this year. To ensure retail market socialization and participation for this fund, Principal feels the need to work with a leading securities company, Indo Premier, as a distribution channel.
"This collaboration is a form of commitment of the two companies to provide the widest possible opportunity for the entire community to participate in impact investing," said Agung Budiono, Principal Chief Executive Officer. "Modern customers, especially millennials, are smarter customers, who have more attention in terms of impact and sustainability, and are very concerned about social responsibility."
According to Agung, since its launch, the Principal Philanthropy Social Impact Bond Fund (PPSIBF) has received positive responses from customers and regulators. At present the foundation receiving the funds has increased to 7 foundations, and contributes to the achievement of SDGs.
One of them is Save the Children, an international organization that aims to improve the lives of children through better education, improved health, and economic opportunities.
Fully supported by IndoPremier Securities, PPSIBF will be marketed online through the first and largest online mutual fund supermarket platform in Indonesia, IPOTFUND.
"Through IPOTFUND, customers are provided with the convenience of buying and selling mutual funds quickly, easily, and zero difficulty," said President Director of PT Indo Premier Securities, Moleonoto The.
He also hopes that the PPSIBF at IPOTFUND can facilitate customers in reaching these funds and generate wider social impact. It also does not rule out the possibility for millennials to access the fund easily.
"We chose Save the Children as one of the recipients of donations from returns, because for us this is the first organization that receives donations that care for children in a similar fund category at IPOTFUND," he said.
It is time for millennials to invest while donating with the Principal Philanthropy Social Impact Bond Fund with zero difficulty, because everything has been done online and Straight Through Processing (STP).
