JAKARTA: PT Asuransi Jiwa Tugu Mandiri’s Pension Fund grabbed IDR626.52 billion investment funds as of December 2011 or 15.31% higher from IDR543.3 billion a year earlier.
Based on the company’s financial report published today, April 16, 2012, Tugu Mandiri’s Pension Fund allocated IDR272.47 billion for time deposit portfolio or 43.48% from the total investments. It declined by 4.65% from 2010.
Investment in bond portfolio climbed 2.7% to IDR150.40 billion last year. It also increased the investment on stock and government bond. Investment in stock rose 27.23% to IDR79.30 billion from IDR61.54 billion.
Meanwhile, investment in government bond surged twofold by IDR120.72 billion. Tugu Mandiri’s Pension Fund has reduced investment in mutual fund by 63.06% to IDR4.61 billion from IDR12.48 billion.
The Pension Fund, which is chaired by Maryoso Sumaryono, recorded IDR58.45 billion in investment revenue or slightly lower by 1.11% from IDR59.11 billion last year. It was affected by declining profit in investment release from IDR17.47 billion to IDR13.85 billion.
Its investment burden reached IDR1.38 billion or 71.42% higher compared to IDR805 million a year earlier.
Net profit after tax fell 1.98% to IDR49.75 billion from IDR50.76 billion. (T06/msw)
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