Both firms collaborate to deliver investment solutions tailored to the needs of Indonesian investors.
Stockbit Investa Bersama (Stockbit) and Fullerton Fund Management Company (Fullerton) have entered into a strategic partnership to address the wealth management needs of Indonesian investors, both firms announced Tuesday.
Stockbit, Indonesia’s digital investing platform, and Fullerton, a Singapore headquartered investment specialist, have jointly acquired PT Ayers Asia Asset Management, an Indonesian asset management firm based in Jakarta. With this acquisition, they will collaborate to manufacture and distribute quality investment solutions for a wide spectrum of investors across retail, intermediaries, and institutions.
Underpenetrated Market
Indonesia’s large population and strong growth prospects will drive demand for financial products and services. Although the number of investors in Indonesia has grown by 38 percent year-on-year in 20221, the asset management market remains underpenetrated when compared to neighbors in the region.
Indonesia’s mutual fund’s asset under management is still less than 4.0 percent of GDP, which is far below Malaysia, Thailand, and India where this ratio is 35.8% percent, 30.3 percent and 15.8 percent of GDP respectively.
Secure Financial Future
Stockbit was founded with the mission to help Indonesians achieve a secure financial future. Stockbit’s digital-first approach enables investors to build portfolios according to their risk profile and investment goals in a simple and optimal way. Stockbit’s products and services cover a broad range of asset classes, including stocks, bonds, and mutual funds.
Fullerton is an active investment specialist with 20 years of experience investing across asset classes, markets, sectors, and geographies. It has a strong focus on risk management, and its clients include sovereign wealth funds, insurance companies, family offices, private wealth, and retail channels across Asia, Europe, and the Americas.
