Money Market Commentary : July 2023

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Money Market Commentary : July 2023

Liquidity

 

Bank Indonesia is consistent to support economic growth by maintaining the benchmark rate at 5.75% in July 2023. Bank loan growth has declined to 7.76% in June 2023 from 9,39% yoy previous month. Amid loose supply-side conditions due to ample liquidity, high loan disbursement plans and loose lending standards in the banking industry, the corporate sector is accelerating loan repayments while maintaining a wait-and-see stance in increasing future investment plans. Investors are keener to collect more government bonds than corporate bonds due to negative yield spread (corporate bond yield < government bond yield). We extend more bond portions in money market funds in expecting higher returns.    

 

Product Recommendation

 

PRODUK
MIPU MIPU invests in Money Market Instruments with a Short-Term segment and is categorized as Low risk. Investors bear the risk associated with the Money Market Portfolio.
MPUS MPUS Mutual Fund invests in Sharia-compliant Money Market Instruments with a Short-Term segment and is categorized as Low risk. Investors bear the risk associated with the Sharia Money Market Portfolio.

 


For More Information

 

Contact Mandiri Investasi – (021) 526 3505

Mandiri Investasi Whatsapp – 0816 86 0003

Mandiri Investasi Email – [email protected]

Mandiri Investasi Website – www.mandiri-investasi.co.id

Moinves Website – www.moinves.co.id

 


 

DISCLAIMER

The opinions expressed in the article are for general informational purposes only and are not intended to provide specific advice or recommendations for individuals or specific mutual fund or investment products. It is intended solely to provide education about the financial industry. Views reflected in the content may change at any time without notice. All performance data and investment returns mentioned in this article cannot be used as a basis for calculation to buy or sell a mutual fund. This data is performance records based on historical data and is not a guarantee of future mutual fund performance. Investment through mutual funds carries risks. Investors are required to read and understand the prospectus before deciding to invest through mutual funds.

Written by

Willy Gunawan

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