Dear Clients, 

This week, the domestic equity market experienced a correction, retreating to levels last seen in May 2024. Foreign investors have been rebalancing their portfolios, reallocating funds from the JCI to developed markets such as the U.S., primarily driven by President Trump’s election victory, which has bolstered equity markets there.

At the same time, the Rupiah has weakened against the U.S. dollar, following the Fed’s decision to cut interest rates by another 25 basis points. Domestically, consumption remains under pressure, as evidenced by weaker 3Q24 GDP growth and a declining consumer confidence index in October 2024.

What should you do?

We view this as a healthy correction, creating opportunities for investors with a strong risk appetite and long-term financial goals. The market correction has made asset valuations more attractive, presenting a buying opportunity.

Our Sustainable Equity Fund is well-positioned to help you grow your wealth. The portfolio comprises blue-chip stocks alongside our carefully selected alpha picks, all demonstrating solid fundamentals and strong growth potential. These investments are poised to benefit over the long term. Download our app now.