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Daily Markup #768: Stockbit & Fullerton acquire Indonesian asset management firm to help more Indonesians achieve a secured financial future

June 19, 2023 · 1 min read
Credit: TechNode Global

Investing made simple

  • The number of investors in Indonesia has grown by 38% year-on-year in 2022, but the asset under management for mutual funds remain underpenetrated at under 4% of gross domestic product (GDP) — a number that’s low compared to Malaysia (35.8%), Thailand (30.3%), and India (15.8%).
  • Addressing this is 500-backed digital investing platform Stockbit, which jointly acquired Ayers Asia Asset Management, an Indonesian asset management firm based in Jakarta, with investment firm Fullerton Fund Management Company.
  • The strategic partnership aims to offer quality investment solutions for investors of all levels across retail, intermediaries, and institutions.
  • This move is in line with Stockbit’s mission to help more Indonesians achieve a secured financial future.
  • The team focuses on a digital-first approach that empowers investors to build portfolios according to their risk profile and investment goals in a simple and optimal way.
  • Read the full story on TechNode Global.
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