UGM Launched Mutual Fund CIMB-Principal UGM Balanced
UGM launched the change of name of Gadjah Mada Mutual Fund Series Two into Mutual Fund CIMB-Principal UGM Balanced, Wednesday evening (20/1) at the University Club (UC). This was marked with the gong beating by UGM Vice Rector for Alumni and Business Development, Prof. Toni Atyanto Dharoko, M.Phil. Ph.D., and witnessed by Chair of Gadjah Mada Mutual Fund Investment Committee, Prof. Dr. Ainun Naâ€™im, Ph.D., and Director of CIMB-Principal Asset Management, Iwan Sanyoto.
As already known, offer of UGM mutual fund has been done since 2001. On 9 October 2008 Gadjah Mada Mutual Fund Series Two was launched. Chair of Committee, Prof. Dr. Ainun Naâ€™im, Ph.D, hoped that the change of name would further encourage UGM mutual fund performance. â€œThis change will encourage the performance of our mutual fund even more,â€ said Ainun.
In that occasion, Ainun extended his gratitude to previous investors for their commitment and loyalty. Despite value reduction at some stage, they did not withdraw their funds. â€œWe admitted that in 2008 there was a crisis due to reduction of mutual fund series two, but there were almost no investors withdrawing their funds,â€ he said proudly.
Vice Rector Prof. Toni Atyanto Dharoko, M.Phil., Ph.D., said that this kind of mutual fund would even be more needed in line with UGM development in institutional management, education and facilities for students. â€œThis launching would provide us with good fortune and spirit and better prospect for us all,â€ he said.
Director of CIMB-Principal Asset Management, Iwan Sanyoto, promised that they would improve performance and minimise risks in managing Mutual Fund CIMB-Principal Balanced. â€œThatâ€™s our duty, giving our best performance,â€ he confirmed.