Hi,

Following up on our previous update, "Time to Buy the Dip," where we recommended staying invested in equities despite the significant market correction, we are excited to share an update on our refined and diversified equity strategy. 

Given the macroeconomic outlook in the near future and as a result foreign outflows from blue-chip stocks in the Jakarta Composite Index (JCI), we have adjusted our approach to improve overall investment performance. The added approach allows us to have an overall diversified portfolio incorporating three strategies to adapt to current market conditions in the Indonesian equity market. 

Previously focused on investing in Blue-Chip and Fundamental Active  equity names only; we are now incorporating a Momentum-Based Strategy as our third approach to our equity portfolios. The new added strategy in the portfolio allows us to adapt to current market conditions in periods of market volatility and allow us to generate outsized expected returns. 

How should you proceed?

Mindful that investing in equities is a long-term investment, we recommend investors to stay invested and when able, cautiously invest further in the Indonesian equity market for a longer term investment objective. With our updated approach and strategy, our equity portfolios are adjusting to the heightened market volatility and macroeconomic factors. At the same time, we think the recent correction has created an opportunity to buy the dip in the Jakarta Composite Index. 

We hope that the new updated approach and strategy in our equity portfolio would ultimately benefit investors in the long term, allowing our investors to appropriately stay invested in the Indonesian equity market.