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Fund managers set up global Islamic stock funds in Indonesia

Move by BNP Paribas, Manulife and Schroder is set to boost the country's Syariah finance industry

Schroder Investment Management is targeting a US$150 million to US$200 million fund in Indonesia and plans to tap demand from individuals and life insurers, says Mr Tjoajadi (above).


BNP Paribas, Manulife Asset Management and Schroder Investment Management have set up global Islamic stock funds in Indonesia, a much-needed boost for the nation's Syariah finance industry.

The money managers all started Jakarta-based plans last week targeting Islamic...