Money Market Commentary : November 2023

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Money Market Commentary : November 2023

Improving Return

 

After a raise in October 2023, Bank Indonesia held the benchmark rate at 6% in November 2023. The exchange rate of the Rupiah was able to appreciate below Rp 15,500 per USD after nearing Rp 16,000 in the previous month. We think BI will not cut the benchmark rate first before the US central bank does. Hence, we think deposit rates should increase while with the recent rally in money market bond that gave advantage for the money market funds to perform well.

 

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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