Indonesias BATASA SYARIAH, ranked #1 for All Asia Fixed-Income Funds, August 30, 2006
BATASA SYARIAH, a fixed-income mutual fund managed by PT BATASA CAPITAL, ranked first, in terms of US$ hedged-return among the fixed-income mutual funds in the Asia-Pacific region, as at August 30, 2006. Net Asset Value stood at IDR1,441.95/unit, representing a Compunded Annual Growth Rates of 12.519% for the last 3 years.
Funds search conducted by KARIM BUSSINESS CONSULTING (KBC) covers 12 countries in the Asia Pacific region which include Australia, China, Hong Kong, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, and Thailand, with a return track record of, at least, 3 years. The search resulted in 457 fixed-income mutual funds with BATASA SYARIAH on top of the list.
As shown on the list, BATASA SYARIAH is followed by mutual fund from Thailand (KRUNG THAI DIV), then by Australias ethical BT WHL-ETHICAL CONSERVATIVE, Japanese SUMITOMO BOND, and Chinas Southern Bond Fund. All the funds are stated on their local currency: US$-hedged return still places Indonesias BATASA on the first rank as seen below.
Most of BATASA SYARIAH investment allocation are for corporate syariah bonds: Obligasi,Syariah Ijarah Apexindo, and Obligasi Syariah Ijarah Ricky Putra Globalindo ( made up of 20% of the shariah corporate bonds June,2006). Currently yield for the Indonesias sovereign bonds for 1 year tenure is about 11%, while corporate bond earns about 13%-15% for the same tenure. KRUNG THAI DIV SELECTED FLEX, as most fixed-income mutual funds in the above list, places investments in own countrys sovereign and corporate bonds.
*Source: KARIM BUSINESS CONSULTING