Bank Indonesia started to issue and trade a new instrument SRBI (Sekuritas Rupiah Bank Indonesia). This is a tool to attract foreign fund flow and optimise government bonds owned by Bank Indonesia. The impact of this instrument is relatively positive for money market funds because deposit rates are crawling up in order to match up. Hence, the return of the money market fund can be enhanced along with higher bond yields. As the bank credit rates get higher, the newly issued bond yields supposedly inch higher as well. The condition of higher money market bond yields and bank deposit rates will likely to persist until the end of this year.
|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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