December 9 (Bloomberg) – the Indonesia Islamic links may extend rally this year that drove yields to save depressions on the prospects for modernization of ratings already, according to the worldwide performing sukuk Fund Manager.
Muamalah Dana BIG funds TP Bhakti Asset Management returned 13.4% this year, purchased sukuk March rupiah denominated government, in the same month standard & Poor triggered the nation rating BB, two levels below investment grade. BIG Dana top artist page in 2010 between fixed income funds compliant 67 Sharia - followed by Bloomberg, expects more Indonesian companies selling Islamic bonds year prochaine.Rendements will decrease if the credit rating is upgraded to the rank of investment and more business sukuk issuance comes aboard, "basis of Jakarta Akbar Syarief, which allows to supervise the 700 billion rupiah ($77.6 million) to active bhakti, has stated in an interview on 3 December." "Achieve similar yields for the coming year is" six powerful 10 Islamic funds this year are the Indonesia as S & P and Moody's Investors Service increased their nation's credit assessments improve economy Finance and Government. Performance of the sukuk rupiah denominated maturing in 2015 has dropped more than five times the pace of debt maturity similar Malaysia is evaluated more high performance InflowsThe S & p .Global 11.8% currency at A-by local Islamic bond Indonesia August 2015 decreased 203 points Basic or 2.03 percentage points this year. The rate reached a record-low 6.35% on 3 December, according to data compiled by Bloomberg. Indicative on ringgit yields sukuk dropped 38 3.46%, according to an index compiled by Bank Negara Malaysia .Mega Dana Obligasi Muslim, managed by the Jakarta PT Mega Capital Indonesia base basis points, to 12.1% this year is the second best performing sukuk Fund. Nany Susilowati, President Director of Mega Capital did not return calls to his Office or in response to questions by e-mail seeking comment. "" Rating updates coming next year, although increased two levels can be expected by 2012, "Helmi Arman, PT Bank Danamon, the sixth - most big lender Indonesia fixed income analyst said in an interview with Jakarta yesterday. "Yields on bonds of Indonesian will generally fall on two reasons;" Rating upgrades and cash mondiales.Le 1 December placed Moody Indonesia on review for possible improvement to its rating Ba2, and two levels below investment grade. "" Economic recovery is supported along with well managed reasonably good inflation and external accounts database "said Aninda Mitra, a vice President at Moody and its Chief Analyst for the Indonesia sovereigns, a HoldingsForeign statement.Foreign Indonesian bond holdings has increased by 79 percent this year to record rupiah trillion 192.9 on 3 December, according to data from the Ministry of finance sales sukuk, who pay returns based on flows of goods website.Global complying with the ban on interest, religion has fallen to 31 per cent to $ 13.8 billion this year, Bloomberg data show. Emissions reached a record 31 billion in bonds returned consistent 2007.Shariah 12 per cent in 2010, HSBC NASDAQ Dubai US Dollar Sukuk Index shows, while debt in emerging markets gained 13 per cent, according to EMBI Global Diversified Index.The difference JPMorgan Chase & co. between sukuk in developing countries average yield and the London interbank offered rate decreased from 151 basis points since December 31, according to the HSBC NASDAQ Dubai US Dollar Sukuk index 316 points to. Additional to Dubai Government sukuk rather than narrowed Malaysia 51 347 basis points this month, data compiled by Bloomberg beat Islamic InvestorsIndonesia nation only local currency bonds denominated show.Draw global sukuk this year yield investors demand. Notes returned 16.4%, compared with 9.3% for the debt currency, according to data compiled by Bloomberg.Indonesia u.s. plans to sell notes Shariah compliant to Angels on the local market and an overall in the first half of 2011 sukuk, Rahmat Waluyanto, Director General of the Office of the Ministry of finance, debt management said on 2 December. In February, the Government sold rupiah 8.03 trillion Islamic links to the public more objective 3 trillion rupiah Waluyanto said after the sale. "We expect back to attract more investors Fund sukuk," said Syarief.BIG Bhakti Asset Dana has increased its funding to rupiah 113 billion 19 billion rupiah at beginning of the year, according to Syarief. " "MEGA Dana is 95% invested in bonds and 5% in money market instruments according to its website .the ' offer limited sukuk company prompted us to buy more Government sukuk," said Syarief. "More returns and capital due to the liquidity of the sukuk Government gains opportunities make it more attractive."-Authors: Simon Harvey, Shanthy Nambiar.
To contact the journalists on this story: Soraya Permatasari in Kuala Lumpur, soraya@bloomberg.net. Provisions Singapore Omar somar6@bloomberg.net.
To contact the responsible editor of the story: Sandy Hendry at shendry@bloomberg.net.
No comments:
Post a Comment