- Business
- PT Ashmore Asset Management Indonesia Tbk (AMOR.JK) operates as an investment management company focused on managing investment funds and portfolios for retail and institutional clients, both domestic and international, with a specialization in equity and fixed income asset classes; its core products and services include mutual funds such as Ashmore Dana Ekuitas Nusantara (ADEN), Ashmore Dana Progresif Nusantara (ADPN), Ashmore Dana USD Nusantara, Ashmore Dana Terproteksi Nusantara, Ashmore Dana Pasar Uang Syariah, Ashmore Dana Equity Sustainable Fund, and Ashmore Digital Equity Sustainable Fund, alongside discretionary funds (KPD) targeting insurance clients in government bonds and cash, protected mutual funds for institutional investors matching assets and liabilities, offshore Sharia KPD for high-net-worth retail clients in global emerging market equities, exchange-traded funds (ETFs), and index products; the company also provides investment advisory services and leverages proprietary research for active portfolio management.
Founded in 2010 as PT Buana Megah Abadi and renamed in 2012 following majority acquisition by Ashmore Investment Management Limited (part of Ashmore Group Plc, listed on the London Stock Exchange), the company commenced operations in 2013, listed as the first investment manager on the Indonesia Stock Exchange in January 2020, and maintains headquarters at Pacific Century Place, 18th Floor, Jl. Jend. Sudirman Kav. 52-53, South Jakarta, Indonesia, with regulation by Otoritas Jasa Keuangan (OJK) under license KEP-04/BL/MI/2011 and an investment advisor license since 2018.
The firm serves a diverse client base including insurance companies, commercial banks, high-net-worth individuals, and institutions through over 20 selling agents such as Bank Mandiri, BCA, BNI, HSBC, and digital platforms like Ajaib and Bareksa, while maintaining a strategic minority stake of 3% in PT Buka Investasi Digital (BID) following a partial sale of 17% equity to PT Bukalapak.com Tbk in September 2023; recent strategic developments encompass ongoing product diversification into ESG mandates (with 2.7% of AuM in client-driven ESG products), Sharia-compliant offerings launched in 2022, digital system enhancements for stakeholder alignment and public access, IT infrastructure investments for operational efficiency, and partnerships with sales agents to boost financial literacy and distribution amid Indonesia's GDP growth.
As of fiscal year 2024/2025 ended June 30, 2025, assets under management total Rp23.9 trillion (down 21.7% year-over-year due to market volatility and reduced risk appetite), with 32.9% market share in money market portfolios (IDR 100-500 billion category), strong investment outperformance (e.g., 88% of equity AuM over 1-year benchmarks, 100% in local/external debt), revenue of Rp266.7 billion, net profit of Rp72.4 billion, and a proposed final dividend of Rp18.5 per share (total Rp32.5, representing 99% payout); the company holds a liquid balance sheet with Rp180 billion cash and Rp116 billion in seed capital investments supporting future AuM growth, positioning it resiliently through market cycles via active management and product innovation.