More NewsFortis Investments Launches its First Sharia Fund in Indonesia

Fortis Investments Launches its First Sharia Fund in Indonesia

Fortis Investments’ Indonesian entity, PT Fortis Investments, has teamed up with its Distributor, HSBC Amanah Syariah, to offer an IDR500bn (US$55m) Sharia-compliant equity mutual fund to Indonesia’s growing number of mutual fund investors. The fund, ‘Fortis Pesona Amanah’ will invest between 80-98% in stocks, with the rest invested in money market instruments, based on the Sharia principle. The selection of investments by PT Fortis Investments fund managers will be overseen by an independent Sharia Supervisory Board.

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