Ashmore Dana Ekuitas Nusantara
Throughout Q3 2024, Ashmore Dana Ekuitas Nusantara (ADEN) posted a performance of 6.58%, outperforming its benchmark, the Jakarta Composite Index (JCI) which rose by 6.57% during the same period. ADEN's outperformance was driven by OW allocation in the Property sector, which rose by 34.10% in Q3 2024.
Ashmore Dana Obligasi Nusantara
Throughout Q3 2024, Ashmore Dana Obligasi Nusantara (ADON) posted a performance of -4.79%, outperfomring its benchmark 80% IBPA which rose by 3.50%. ADON's outperformance was due to the overall strengthening trend of the bond market. This can be seen from a decrease in UST 10-year bond yields of around 62 bps from 4.40% in end Jun24 to 3.78% in end Sep24. Indonesia bond market was also facing a similar situation where Indonesia 10yr government bond yield also fell by 62 bps from 7.07% in end of Jun24 to 6.45% in end of Sep24.
ADON has OW duration strategy relative to the benchmark.
Ashmore Dana Obligasi Unggulan Nusantara
During Q3 2024, Ashmore Dana Obligasi Unggulan Nusantara (ADOUN) posted a performance of 2.96%, outperforming its benchmark IDR Time Deposit 1M (Net) which rose by 0.82%. ADOUN's outperformance was due to the overall strengthening trend of the bond market. This can be seen from a decrease in UST 5-year bond yields of around 82 bps from 4.38% in end Jun24 to 3.56% in end Sep24. Indonesia bond market was also facing similar situation where Indonesia 5yr government bond yield which is the main underlying portfolio of ADOUN also fell by 78 bps from 6.97% in end of Jun24 to 6.19% in end of Sep24.
ADOUN has OW duration strategy relative to the benchmark.
Ashmore Dana Progresif Nusantara
Throughout Q3 2024, Ashmore Dana Progresif Nusantara (ADPN) posted a performance of 6.46%, underperforming its benchmark, the Jakarta Composite Index (JCI) which rose by 6.57% during the same period. ADPN's underperformance was driven by UW allocation in the Energy sector, which rose by 16.83% in Q3 2024.
Ashmore Digital Equity Sustainable Fund
Throughout Q3 2024, Ashmore Digital Equity Sustainable Fund (ADESF) posted a performance of 8.29%, outperforming its benchmark IDX ESG Leaders Index (IDXESGL) which rose by 5.77% in the same period. ADESF's Outperformance was driven by UW allocation in the Financial sector, which grew by 11.45% in Q3 2024.
Ashmore Dana Pasa Uang Nusantara
Throughout Q3 2024, Ashmore Dana Pasar Uang Nusantara (ADPUN) posted a performance of 1.42%, underperforming its benchmark JIBOR Overnight Index which rose by 1.58%. This underperformance was due to the decrease in 1 year Indonesia government bond yield by around 53 bps in Q3 2024 period.
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