Raised Policy Rates
Bank Indonesia raised the benchmark rate by 25 bps to 6.00%. The change of policy rate in October 2023 was the first time since the last time happened in January 2023. The monetary move is to defend the exchange rate of the Rupiah that depreciated nearing Rp 16.000 per US Dollar. The deposit rate in some banks increased as the impact of the rate hike. On the other side, the yield curve is getting flattened which affects the money market bond yields to get higher. Those two drivers give benefits for money market funds that are likely to perform well.
|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 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.
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