Mandiri Manajemen Investasi (MMI), an investment management company, is eyeing 40 percent growth in its total assets under management (AUM) this year, supported by thriving equity-based mutual funds and ongoing improvement in the Jakarta Composite Index (JCI).
MMI, part of publicly listed Bank Mandiri, hopes to see its total AUM stand at around Rp 27 trillion (US$2.3 billion) by the end of 2014, up from the Rp 19.29 trillion booked last year, according to MMI president director Muhammad Hanif.
“We are optimistic we will reach the target because the business potentials are huge. In February, our AUM has already reached Rp 21.6 trillion,” he said on Monday.
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