Wednesday, 19 June 2019 | 09:46 WIB

BNP Paribas IP, Citi Indonesia Launch Socially Responsible Index

BNP Paribas Investment, Citi Indonesia Launch Socially Responsible Index (special)

JAKARTA, NNC - The fund is the second social impact-themed index fund from the asset manager, reaffirming its commitment to the socially responsible investment (SRI) market
 
PT. BNP Paribas Investment Partners (BNP Paribas IP), the Indonesian asset management arm of BNP Paribas Asset Management, and Citibank Indonesia (Citi Indonesia), today announced the launch of a socially responsible themed index fund, BNP Paribas IDX30 Filantropi (the Fund). The Fund will be sold exclusively through Citi Indonesia from March 1 and is the second SRI-themed index fund from BNP PI
 
Speaking at the fund’s launch event in Jakarta this morning, Vivian Secakusuma, President Director at BNP Paribas IP, said: “In line with the increased focus of SRI-related investment themes in Indonesia, we are pleased to launch this new index fund together with Citi Indonesia.Citi Indonesia has been our distribution partner since 2006, and we have an aligned strategy in providing both beginner and professional investors in Indonesia with transparent and easy to understand investment solutions.”
 
Commenting on the launch of Citi’s first index fund in the country, Batara Sianturi, Chief Executive Officer at Citi Indonesia, added: “As a global bank that operates in more than 160 countries and jurisdictions, Citi is not only committed in providing world-class products and services for our customers, but also in contributing positive and meaningful impacts to the communities. Therefore, together with BNP Paribas IP, we are delighted to be the exclusive distributor of this new socially responsible index fund and would like to invite investors to participate in the philanthropy programs indirectly by investing in this product.”
 
The ‘Filantropi’ theme is the result of BNP Paribas IP and Citi Indonesia’s aligned vision to give back to society. This theme also resonates with both firms’ continued focus on investing with a positive social impact, where a certain percentage of assets raised from the Fund will be disbursed for social causes through the Citi PEKA (Peduli dan Berkarya) programme. The PEKA programme centers on three programme pillars: education and financial literacy, youth empowerment, and micro-entrepreneurship.  Both firms will determine which targeted foundations that operate under these pillars will receive the proceeds.
 
“I am enthused that BNP Paribas IP and Citi Indonesia share the same vision to provide innovative solutions that not only address investors’ investment needs; but also contribute positively to the well-being of future generations,” concluded Vivian.