Variety in Reality (Global Equity Market)

There was a divergence in global stock indexes in Feb23 where US indexes declined, Europe indexes trended higher and Asia indexes were relatively stable. It happened because of the economic reality that varies from one and another. In the US, the employment market is still tight and PCE, the Fed’s favourable inflation indicator, is higher than the market forecast. Hence, investors see there will be unlikely to have a monetary policy pivot this year because the benchmark rate shall be held longer at its peak to reach economic stability.

Europe’s economy turned out to be better than expected where the inflation keeps declining, consumer confidence improved, and employment was quite manageable. Thus, the stock markets in Europe rebound on the back of the bottoming economy. The Asian economy is driven by the China economic condition that keeps improving. We see the PMI manufacturing jumped as the economy restarted in Feb23 after the lunar new year holiday in Jan23. China will hold the National People’s Congress in March 2023. This event is held once every five years where delegates from around the country will discuss economic, social and political reforms. China will set the agenda for the next five years with a range of new policies and initiatives. We recommend investors own diversified portfolios in order to gain from the divergence economic cycle because we see global economic opportunities in many conditions despite geopolitical and recession pressure.

Indecisive Juncture (Domestic Equity Market)

The Indonesian stock market was relatively stable in February 2023 following the regional indexes. We saw global investors are still indecisive due to worrisome that the Fed might raise further the benchmark rate. That happened after the release of US economic data was not in line with expectations. In the US, the employment market is still tight and PCE, the Fed’s favourable inflation indicator, is higher than the market forecast. The global narrative has changed that the Fed is unlikely to cut the benchmark rate this year because the rate will be held longer at its peak until the economy reaches stability.

However, if we look at the domestic economic condition, it is indisputable that Indonesia is in good shape. The state budget surplus in early the year 2023 due to jumping state revenue, especially VAT is a confirmation that the economy is running well after the government put the covid restriction policy behind at the end of 2022. Bank Indonesia hold the benchmark rate at 5.75% in February 2023 due to a stable exchange rate. We see that many companies released their full-year financial reports. Additionally, the companies announced handsome dividend payout, especially coal companies, banks and conglomerates. This will impact positively overall stock performance the in coming months. We recommend investors to keep investing in equity funds because we believe inflow to Indonesian stocks will eventually happen.

Rekomendasi Produk

PRODUK
MGSED	Reksa Dana MGSED berinvestasi pada Efek Ekuitas Syariah Luar Negeri di dalam Daftar Efek Syariah. Dengan segmen Jangka Panjang, dan dikategorikan berisiko tinggi. Investor memiliki risiko atas portofolio saham tersebut.
MITRA	Reksa Dana MITRA berinvestasi pada saham domestik mayoritas saham Big Cap. Dengan segmen Jangka Panjang, dan dikategorikan berisiko tinggi. Investor memiliki risiko atas portofolio saham tersebut.
MICB	Reksa Dana Mandiri Investa Cerdas Bangsa berinvestasi mayoritas pada saham yang termasuk dalam indeks LQ45. Dengan segmen Jangka Panjang, dan dikategorikan berisiko tinggi. Investor memiliki risiko atas portofolio saham tersebut.
MANFIGA	Reksa Dana Indeks MANFIGA berinvestasi mayoritas pada saham yang terdapat di dalam Indeks FTSE Indonesia ESG. Dengan segmen Jangka Panjang, dan dikategorikan berisiko tinggi. Investor memiliki risiko atas portofolio saham tersebut.

 

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Info Lebih Lanjut

Hubungi Mandiri Investasi – (021) 526 3505
Whatsapp Mandiri Investasi – 0816 86 0003
Email Mandiri Investasi – [email protected]
Mandiri Investasi – www.mandiri-investasi.co.id
Moinves – www.moinves.co.id

 

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DISCLAIMER

Pendapat yang diungkapkan dalam artikel adalah untuk tujuan informasi umum saja dan tidak dimaksudkan untuk memberikan saran atau rekomendasi khusus untuk individu atau produk keamanan atau investasi tertentu. Ini hanya dimaksudkan untuk memberikan edukasi tentang industri keuangan. Pandangan yang tercermin dalam konten dapat berubah sewaktu-waktu tanpa pemberitahuan. Seluruh data kinerja dan return investasi yang tertera di artikel ini tidak dapat digunakan sebagai dasar jaminan perhitungan untuk membeli atau menjual suatu efek. Data tersebut merupakan catatan kinerja berdasarkan data historis dan bukan merupakan jaminan atas kinerja suatu efek di masa mendatang. Investasi melalui reksa dana mengandung risiko. Investor wajib membaca dan memahami prospektus sebelum memutuskan untuk berinvestasi melalui reksa dana.

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