Indonesian total assets under management in the Indonesian Mutual Funds industry rose 28 percent to Rp 193.1 trillion ($21 billion) in the January-March period from a year earlier, according to data from Indonesia Mutual Fund Managers Association (APRDI).
The economy last year grew 6.5 percent, the fastest pace since 1996, and that helped to lift average per capita income to $3,500 from $3,000 in 2010 — elevating many of the country's 240 million people into the middle class.
"Per capita income has increased to more than $3,000 now, so there are more people wanting to invest," Abiprayadi Riyanto, the APRDI chairman, said on Tuesday. Investments in Indonesian Mutual Funds start as low as Rp 100,000, he added.
Assets in the Indonesian Mutual Funds industry may rise by 10 percent to 15 percent this year, "as long as the conditions in Europe are improving," Abipriyadi said.
The economy last year grew 6.5 percent, the fastest pace since 1996, and that helped to lift average per capita income to $3,500 from $3,000 in 2010 — elevating many of the country's 240 million people into the middle class.
"Per capita income has increased to more than $3,000 now, so there are more people wanting to invest," Abiprayadi Riyanto, the APRDI chairman, said on Tuesday. Investments in Indonesian Mutual Funds start as low as Rp 100,000, he added.
Assets in the Indonesian Mutual Funds industry may rise by 10 percent to 15 percent this year, "as long as the conditions in Europe are improving," Abipriyadi said.
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