Pluang wealthtech platform will offer the Micro E-mini Nasdaq 100 Index Futures investment asset class, a derivative futures product traded on the Chicago Merchantile Exchange (CME). This investment product adds up to the range of asset classes available in Pluang, from gold, mutual funds, crypto assets, and Micro E-mini S&P Index Futures released in November 2020.
Pluang’s Co-Founder, Richard Chua said, the Nasdaq 100 Index is an index that tracks the stock performance of the 100 largest non-financial companies on the Nasdaq exchange and is dominated by leading global technology companies. The Nasdaq 100 currently has a stock market capitalization of $15 trillion.
“Many of our customers are familiar with the brands of tech companies such as Microsoft (MSFT), Facebook (FB), Amazon (AMZN), Apple (AAPL), and Alphabet (GOOG/GOOGL). They also familiar with its product, brand and business model. Our Nasdaq 100 Index product now allows investors to directly invest,” he said in an official statement, Monday (20/9).
The Pluang Nasdaq 100 opens up opportunities for investors who want to invest in company stocks concentrated in the technology sector. The Nasdaq 100 and S&P 500 performance can also be compared to each other.
In the same period, Nasdaq value has increased by 88.4%, far outperforming the of the S&P 500 index performance. One of the triggering factors is the increase in the technology companies income as demand for tech products increases during the pandemic.
“The Nasdaq 100 exposure provides important diversification for all Indonesian investors as it consists of 102 shares issued by the 100 largest non-financial companies listed on the Nasdaq stock market. Instead of buying individual US stocks, this index helps you automatically diversify your portfolio.”
All transactions for the Micro E-Mini Nasdaq 100 Index Futures product in the Pluang application are regulated and supervised by the Commodity Futures Trading Regulatory Agency (CoFTRA), the same as the Micro E-Mini S&P 500 Index Futures product in Pluang.
The Pluang application, through PT PG Berjangka, had obtained permit for the Distribution of Customer Mandates to Foreign Exchanges (PALN) from BAPPEBTI. It is the authority to offer contracts and channel customer orders for these contracts using the system provided by the exchange.
Investors can buy Micro E-mini Nasdaq 100 Index Futures in Pluang both in Rupiah and US Dollars through wallet in the Pluang Application. Since Pluang offers the Nasdaq 100 index in the form of Micro E-mini Nasdaq 100 Index Futures, investors can start investing from IDR 300,000. This can help users to invest in the US stock market as well as diversify their portfolios with easy access and affordable prices.
Aside from Pluang, investment app players have begun to expand its asset classes to various portfolios, therefore, more users will have access to investments. Here’s the list:
| Aplikasi wealthtech | Emas | Reksa Dana | Saham atau derivatif | Uang kripto | Securities crowdfunding |
| Bareksa | ✅ | ✅ | |||
| Pluang | ✅ | ✅ | ✅ | ✅ | |
| Tanamduit | ✅ | ✅ | |||
| Raiz Invest | ✅ | ||||
| E-mas | ✅ | ||||
| Lakuemas | ✅ | ||||
| Treasury | ✅ | ✅ | |||
| Indogold | ✅ | ||||
| Tamasia | ✅ | ||||
| Bibit | ✅ | ||||
| Ajaib | ✅ | ✅ | |||
| Ipot | ✅ | ||||
| Invisee | ✅ | ||||
| XDana | ✅ | ||||
| Stockbit | ✅ | ||||
| Halofina | ✅ | ||||
| Fundtastic | ✅ | ||||
| Santara | ✅ | ||||
| Bizhare | ✅ | ||||
| LandX | ✅ | ||||
| Crowddana | ✅ | ||||
| Indodax | ✅ | ||||
| Tokocrypto | ✅ | ||||
| Pintu | ✅ | ||||
| Luno | ✅ |
Wealthtech platform has quite large opportunities to reach new users. As only 2% of the total productive age population in Indonesia has access to investment products in the capital market. Further detailed, the number of SID is at 5.6 million investors as of June 2021, while crypto investors reach 6.5 million people. as of May 2021.
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Original article is in Indonesian, translated by Kristin Siagian
