Indonesia plans to require domestic pension funds and insurers to keep a minimum percentage of government bonds in their portfolios to help provide stability to the debt market, the country's financial services authority (OJK) said on Thursday.
Pension funds and insurers invest around 18% of their funds in government bonds, OJK chairman Muliaman D. Hadad said, declining to specify a minimum percentage.
"This is good as a back-up, so that bonds are not too volatile, and so the domestic investor base becomes stronger," Hadad told reporters on the sidelines of a conference.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
Pension funds and insurers invest around 18% of their funds in government bonds, OJK chairman Muliaman D. Hadad said, declining to specify a minimum percentage.
"This is good as a back-up, so that bonds are not too volatile, and so the domestic investor base becomes stronger," Hadad told reporters on the sidelines of a conference.
No comments:
Post a Comment