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Investment Manager Joins the Hunt for Unicorn Stocks for Mutual Funds

Bisnis.com, JAKARTA — The euphoria of the arrival of unicorns to the Indonesia Stock Exchange is also used by Investment Managers. MI circles admit that they are also looking at the company’s shares with a valuation of over US$1 billion to become their mutual fund product portfolio.

Chief Investment Officer of KISI Asset Management Susanto Chandra said that his party positively welcomed the presence of unicorns like Bukalapak in the capital market considering that technology companies have a close relationship with potential growth in the future.

“Incidentally, there was also an IPO for Bukalapak,” he told Bisnis, Wednesday (28/7/2021)

According to him, in the midst of the current pandemic, the majority of existing companies posted performances that were not as high as unicorns or technology companies, so the presence of technology companies is expected to increase growth potential.

“Our stock exchange needs more tech companies so that they can grow foreign investors’ interest in the Indonesian market because they currently prefer to invest in sectors that provide great growth potential in the future,” he said.

Separately, the Director of Panin Asset Management, Rudiyanto, also admitted that he participated in hunting for unicorn stocks as a product portfolio because the value of the company’s IPO was relatively large and the technology sector was indeed on the rise.

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