Expanding HNWI Customers, STAR AM partners with Bank Sinarmas as Distribution Partner to Market STAR Protected XVIII

The soaring public interest in investing in the capital market and investment trends have encouraged PT Surya Timur Alam Raya (STAR) Asset Management, one of the leading investment management companies in Indonesia and a subsidiary of PT Aldiracita Sekuritas, to continue to develop distribution channels through selling agents. A credible mutual fund (APERD) in Indonesia. In an effort to broaden public access to being able to invest in mutual fund instruments, STAR Asset Management has established a strategic partnership with PT Bank Sinarmas Tbk (Bank Sinarmas) in terms of the distribution of mutual fund products.

"Together with Bank Sinarmas, which always adapts to technological developments and continues to transform to become a payment and transaction bank with the most complete and integrated distribution network, STAR AM contributes to supporting the growth of financial inclusion in the capital market by offering the best mutual fund investment experience for investors, both retail and professional. This protected mutual fund is the best choice for medium-term investment because of the potential for attractive returns by maximizing established financial plans in the future and being managed by investment managers who are professionals in their fields." explained Frenky Tirtowijoyo as President director of Bank Sinarmas.

"Through this collaboration, customers from Bank Sinarmas can easily develop funds through quality mutual fund instruments offered by STAR AM, one of which is STAR Protected XVIII, a protected mutual fund product that was just launched on August 30, 2022.

STAR Protected XVIII is a protected mutual fund managed by STAR AM with an indicated yield of 6% per year, which is paid every 3 months. STAR Protected XVIII customers can resell their participation units after 1 year and 3 months from the issuance date, which will mature on May 24, 2025. In addition, the principal of the investment is 100% protected and can be disbursed according to the partial and final redemption dates while taking into account the investment risk. As investors, they also have the opportunity to obtain investment returns that are relatively higher compared to conventional products. For the record, protected mutual funds (RDT) are a type of mutual fund product that will provide a protection mechanism for the principal of an investor's investment until maturity, as long as the investor does not resell before the maturity date." Said Miko Andidjaja, Business Director of Bank Sinarmas.

Chief Marketing Officer of STAR Asset Management Hanif Mantiq said, RDT STAR Protected XVIII is a mutual fund that is suitable for Bank Sinarmas HNWI customers who want to diversify their investment portfolio but still get attractive returns and the risk of reducing the principal investment value is maintained. The RDT STAR Protected XVIII protection mechanism is carried out through investment in underlying assets in the form of continuous bonds I Lontar Papyrus Pulp & Paper Industry Phase II of 2022 Series B, which have received an idA rating from Pefindo, and sustainable bonds III Adhi Karya Phase III of 2022 Series A, which also received an idA rating from Pefindo. On the launch day, RST STAR Protected XVIII managed to record managed funds of 203.1 billion from 222 Bank Sinarmas HNWI customers.

Reita Farianti, Chief Executive Office of STAR AM, added, "This collaboration is in line with STAR AM's mission of providing a wide selection of investment products that can help customers develop their portfolios and achieve their investment goals. Reita is optimistic that by cooperating with Bank Sinarmas, STAR AM, as an investment manager with a credible and experienced investment team in the capital market industry, can provide the best benefits and advantages of investing in mutual funds to the wider community, especially in meeting the long-term investment planning needs of customers. Reita added, "This collaboration with Bank Sinarmas shows the readiness of STAR AM as the investment manager and the credibility of its products that is maintained so that it can partner with the bank as one of the distribution channels. This is certainly possible because STAR AM always strives to provide optimal performance for the products we manage. Of course, the license granted by OJK to STAR AM regarding cooperation with banks as this distribution channel will support our strategy in growing and expanding our product distribution partners through the APERD channel, both banking, securities, and fintech."

Until now, STAR Asset Management has collaborated with 14 APERD, including Bank Sinarmas, and recorded a total AUM of mutual funds and KPD of 13.8T as of August 31, 2022. This growth is quite significant when compared to AUM's position at the end of 2021, which was 7.9T. This investment manager, which has been established for more than 15 years, has obtained an operational permit for a securities company as an investment manager from the Financial Services Authority (OJK) since 2004.

About Star AM

PT Surya Timur Alam Raya Asset Management (PT STAR AM) is a subsidiary of PT Aldiracita Sekuritas Indonesia, a brokerage institution established on May 5, 2004, and obtained a Securities Company operating license as an investment manager from the Financial Services Authority (OJK) (Letter of Authority Services Finance, formerly BAPEPAM LK No. KP-09 / PM / MI / 2004). As of August 31, 2022, total AUM, including KPD and mutual funds, from Star AM was Rp. 13.8 trillion. STAR Asset Management provides professional, reliable, and trusted investment management services in the Indonesian capital market.

About Sinarmas Bank

PT Bank Sinarmas Tbk. was established on August 18, 1989, in Jakarta under the name PT Bank Shinta Indonesia. The bank obtained status as a foreign exchange commercial bank providing banking services for foreign exchange transactions in 1995.

PT Sinarmas Multiartha Tbk., a financial services company under the Sinarmas business group, took over 21% of PT Bank Shinta Indonesia's shares in 2005. The bank changed its name to PT Bank Sinarmas in December 2006.

PT Bank Sinarmas Tbk. obtained a license to establish a Sharia Business Unit (UUS) in 2009, based on a Decree of the Deputy Governor of Bank Indonesia. In the same year, the bank was also given authorization to carry out trustee business activities by Bapepam (now OJK). PT Bank Sinarmas Tbk. conducted an initial public offering (IPO) on December 13, 2010.