INDONESIA: AXA Mandiri Financial Services (AXA Mandiri) has launched the Advanced Commodity Syaria Rupiah Fund, a commodity-based equity fund.
The fund will invest in Shariah compliant commodity stocks included in the Jakarta Mining Index and Jakarta Agricultural Index, according to Albertus Wiroyo, the president director of AXA Mandiri.
It will be managed by Mandiri Manajemen Investasi. Investors will be able to invest in the fund through two unit-linked insurance products branded as Mandiri Investasi Sejahtera Syariah and Mandiri Rencana Sejahtera Syariah Plus.