The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.

Allianz Global Investors Asset Management Indonesia
Allianz Global Investors Asset Management Indonesia (AllianzGI Indonesia), an investment manager in the Asian region, has launched the High Dividend Global Sharia Equity Strategy in the local Indonesian market.

As the firm’s first US dollar Equity Sharia Strategy, it aims to generate a quarterly dividend payout and focuses on global high dividend companies ensuring dividend growth and stability.

The strategy offers a new investment portfolio for income-focused Indonesian investors seeking global investment solutions, the firm said in a statement. It is designed to meet the growing demand for Sharia-compliant investment options that align with ethical values and also offer the potential for attractive returns.

“The current market environment challenges us to be more strategic in our investment portfolio decisions and by implementing a diversified dividend strategy we can help to navigate uncertainty in the market," Rima Suhaimi, president director and head of Indonesia at AllianzGI, said. "Through introducing the High Dividend Global Sharia Equity Strategy to our valued clients in Indonesia, we hope to establish AllianzGI’s brand locally as a global active asset manager. We aspire to bring AllianzGI’s global expertise to Indonesia with the aim of providing integrated and robust investment solution to our clients."

The strategy will invest at least 80 per cent of its net asset value (NAV) in Sharia compliant equities. It is Indonesia-domiciled and targets Indonesian investors who seek steady cashflow and income as well as capital growth. It is also committed to aligning itself with Sharia principles and aims to be Sharia-compliant by leveraging the Dow Jones Islamic World Index.

“Southeast Asia is a key expansion target for Allianz Global Investors and, as one of the biggest and fastest growing economies in the region, Indonesia continues to be a focus for our business," Desmond Ng, head of Asia-Pacific at Allianz Global Investors, said.

The High Dividend Global Sharia Strategy is the first launch by AllianzGI in Indonesia since the acquisition of AllianzGI Indonesia in 2022. The move is an important addition to AllianzGI’s presence in Asia, reinforcing its commitment to Southeast Asia and Indonesia’s fast-growing financial market.