Kisi Asset Management held the Market Outlook 2nd Half 2024 event, Wednesday (17/7), with the aim of providing in-depth insights into investment strategies in Indonesia in facing rapidly changing macroeconomic and geopolitical dynamics.
The event was attended by the Head of the Fiscal Policy Agency of the Ministry of Finance, Febrio Nathan Kacaribu, and Head of Fixed Income Research Mandiri Sekuritas, Handy Yunianto. Both provided views on macroeconomic and geopolitical dynamics as well as investment directions.
“We are committed to providing in-depth and reliable insights to stakeholders on how to face challenges and take advantage of opportunities in this ever-changing market,” said President Director at Kisi Asset Management Mustofa in a written statement, Thursday (18/7).
On the same occasion, Kisi Asset Management Director Arfan Fasri Karniody revealed that property sector shares have the potential to perform positively along with the estimated cut in the benchmark interest rate by the United States (US) central bank, The Fed.
Consensus estimates that the probability that the Fed will lower its benchmark interest rate in September 2024 is increasing, as US inflation data is getting closer to the Fed’s target of plus or minus 2%.
“The Fed is going to happen interest rate- cut, “The most momentum is property. Because what, it does not mean that Bank Indonesia (BI) will immediately cut interest rates, but the possibility of an increase is almost very small, now the most momentum is property,” said Arfan following the Market Outlook 2nd Half 2024 event at The Energy Building, Jakarta, Wednesday.
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Second, he continued, the banking sector has the potential to continue performing positively in line with the expected cut in the benchmark interest rate by the Fed.
“Banks, with lower interest rates, will be able to provide loans with lower interest rates. This means that the burden on the borrower is lower, so the borrower does not have to pay higher interest, the possibility of being able to pay so that there is no default is higher,” he added.
The event also served as a momentum for the announcement of product launch plans, designed to meet the growing investment needs amidst the current global economic conditions.
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Kisi Asset Management plans to issue a new product, the Global Sharia Mutual Fund. The fund will invest in a portfolio that includes globally renowned names in technology such as Tesla, Nvidia, Google and Apple.
“The background of this product issuance is to provide investment products for investors who want exposure to global technology stocks, especially in the fields of AI, Semiconductor and EV,” he said.
Mustofa believes that technology companies will grow well in the long term. In addition to being expected to provide high growth potential, they also offer wider investment diversification with
investment in various countries and sectors.
“This product is suitable for investors with a long-term time horizon who are looking for a balance between profit and compliance with sharia principles,” he said. (Ant/Z-11)
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