PNM-IM Set to Release KIK-EBA in Q1 2020

By Editorial Team 01/10/2019
Summary

Following the acquisition of PT Bank Tabungan Negara Tbk (BTN), PNM Investment Management (PNM-IM) has been quickly releasing various investment products, mostly different from its customary products. On Monday (9/30), for example, PNM-IM has successfully released its first exchange-traded funds (ETF), the ETF Core LQ45, which, based on the name, will target the stocks of LQ45 members.

Besides the ETF, the company is preparing to launch its first asset-backed securities (KIK-EBA) in the first quarter of 2020. However, PNM-IM only targets to earn around Rp 1 trillion until the end of 2020.

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