30.01.2013 - Best Indonesia funds buy retailers on spending: Islamic finance
Indonesiaís best-performing Islamic bond funds are buying sukuk of construction and retail companies to take advantage of the governmentís $300 billion development program, after sovereign yields dropped to a record. PT Samuel Aset Manajemenís SAM Sukuk Syariah Sejahtera (SASUSYS) fund, which posted the biggest returns at 12 percent last year, plans to more than double corporate holdings to 50 percent of total investments in 2013, Herbie Mohede, the fixed-income manager, said in an interview. Borrowing costs on government Shariah- compliant notes due 2018 declined 69 basis points in the past three months to 5.32 percent yesterday and touched an all-time low of 5.24 percent on Jan. 9...............................................Full Article: Source
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