JAKARTA – Investor interest in equity mutual fund investment products is experiencing a resurgence, buoyed by the Jakarta Composite Index (IHSG) which began a significant rebound in the second half of 2025.
Ezra Nazula, Director & Chief Investment Officer Fixed Income at PT Manulife Aset Manajemen Indonesia (MAMI), highlighted that the industry had faced an outflow in equity mutual funds throughout the first half of 2025, which capped net inflows, or net sales, at Rp7.4 trillion.
However, as the second half of 2025 commenced, equity mutual fund performance began to demonstrate a clear recovery. This positive shift was notably reflected in MAMI’s managed funds, which successfully surpassed the industry’s overall growth trajectory.
“MAMI’s equity mutual fund managed funds reached Rp8.3 trillion as of July 2025, marking an impressive 17.5% increase. Furthermore, MAMI’s equity mutual fund managed funds currently stand as the largest in the industry. Since the beginning of the year, MAMI’s managed funds have grown by 9.7%, outpacing the industry’s growth of 6.5%,” Ezra informed Bisnis on Friday, August 22, 2025.
Equity Mutual Fund Performance Boosted by IHSG Rebound in H2/2025
By July 2025, MAMI’s total assets under management (AUM) reached a substantial Rp104.3 trillion, securing a market share of 12.1%. Within this impressive figure, the AUM specifically managed for mutual funds amounted to Rp47.3 trillion.
“These total AUM and mutual fund AUM figures firmly establish MAMI as the largest investment manager within the industry today,” he affirmed.
Meanwhile, Samuel Kesuma, Chief Investment Officer Equity at MAMI, emphasized that the firm’s approach to AUM management is consistently driven by innovation, meticulously tailored to meet the evolving needs of investors.
He underscored that the equity mutual funds offered by MAMI encompass a diverse array of strategies. These range from those concentrating on large-capitalization and small-capitalization stocks to Sharia-compliant options, spanning both domestic and international markets across various regions.
MAMI, he added, further enriches its offerings with global Sharia-compliant equity mutual funds that provide investment returns or dividends, alongside equity mutual funds specifically focused on Environmental, Social, and Governance (ESG) principles.
The strategic focus of MAMI’s equity mutual fund portfolio is predominantly on sectors with a strong domestic market orientation, underpinned by robust fundamentals and attractive earnings potential.
In anticipation of the bullish momentum within the IHSG, MAMI employs a diligent stock selection process. This involves a research-based fundamental approach coupled with a systematic investment framework. MAMI also integrates its proprietary GCMV analytical framework – encompassing Growth, Cashflow, Management, and Valuation – as the cornerstone for its stock picks.
“Sectors that we currently assess as holding particularly attractive potential include the financial and consumer sectors,” Samuel concluded.
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Summary
Manulife Aset Manajemen Indonesia (MAMI) saw its equity mutual fund assets under management (AUM) reach Rp8.3 trillion by July 2025, marking an impressive 17.5% increase and establishing it as the industry’s largest in this category. This significant growth was driven by a resurgence in investor interest in equity mutual funds, coinciding with a notable rebound in the Jakarta Composite Index (IHSG) during the second half of 2025. MAMI’s total AUM also reached Rp104.3 trillion, securing a 12.1% market share and solidifying its position as the largest investment manager in the industry.
MAMI employs an innovative approach, offering diverse equity mutual funds that include large-cap, small-cap, Sharia-compliant, and ESG-focused options for both domestic and international markets. The firm’s investment strategy focuses on domestic market-oriented sectors with robust fundamentals and strong earnings potential, utilizing a research-based GCMV (Growth, Cashflow, Management, Valuation) analytical framework for stock selection. MAMI currently identifies the financial and consumer sectors as particularly attractive.