Bareksa, a mutual fund investment marketplace platform, officially launches BaTaRA robo advisor (Bareksa Tactical Robo Advisor) after obtaining an “Investment Advisor” license from OJK dated April 21, 2021. The trial has been conducted for nine months, since August 2020, attended by 1000 customers .
In an official statement, Robo Advisor Bareksa provides guidance and tactical assistance for investors based on algorithms and artificial intelligence features. This is combined with the investment strategy formulated by Bareksa’s team of analysts with expertise in the subject.
“We are very grateful and appreciate the support of OJK to grant permission for the first investment advisor to robo advisors in Indonesia. God willing, we will protect this mandate as well, therefore, Bareksa’s Robo Advisor will likely to be safe, more reliable, independent, and can provide maximum investment results to the wider community,” Bareksa’s Co-Founder & CEO, Karaniya Dharmasaputra said, Monday (5/24).
During the trial, Bareksa’s analyst team keep testing the real performance and compare it to other robo advisors. It is said that the investment returns based on BaTaRA’s recommendations are more optimal, and can even outperform the Jakarta Composite Index (IHSG).
He ensured that BaTaRA was fully independent and in favor of customers’ interests. The methodology applied is made transparent, independent, and regularly reported to OJK as required by existing regulations. “We ensure that the investment recommendation from Bareksa’s Robo Advisor is not based on any promotional and marketing interests.”
BaTaRA recommendations are personalized based on the customer’s risk profile, formulating investment strategies and recommendations not only statically based on a risk profile, but also providing recommendations on the allocation of mutual funds needed to maximize investment returns.
The recommendations are made dynamic, not static, by incorporating parameters of changing capital market conditions and macroeconomic conditions. In addition, to mitigate risk and maximize investment returns, the recommended products are made very selective, only selected mutual funds from the best 15 investment managers.
In separate interview with DailySocial, Karaniya said that the robo advisor was created due to the rapid growth of retail investors during the pandemic. “Most of them are new investors with zero experience and in need of guidance. Since the numbers is large, it was impossible to use the manual method. It requires a robo to guide their investment to optimize their investment returns.”
Bareksa currently has 1.8 million customers, selling more than 120 mutual fund products from 33 investment managers in Indonesia.
“We expect Bareksa’s Robo Advisor can provde investors with safer services and maximum investment returns. Customers can also have easy access to Investment Advisory services, which considered quite expensive for most people.”
Aside from Bareksa’s Robo Advisor, there is also Bibit which put robo advisor as its main proposition in capturing new customers.
OJK also stipulates Investment Advisors and Investment Managers as regulated in Law Number 8 of 1995 Concerning Capital Markets (Capital Market Law). In its derivative regulations, a requirement to be fulfilled as an Investment Advisor is to have an employee with an individual license to represent the Investment Manager. Investment Manager representative licensing is regulated in POJK Number 31 of 2018.
–
Original article is in Indonesian, translated by Kristin Siagian
