Weekly Insight

Fragile Rally

13 April 2026

Global Markets Global markets rebounded strongly last week, driven by easing U.S.-Iran tensions that weighed on oil prices and a strong tech sector. Europe and Wall Street posted weekly gains despite being held back by inflation and profit-taking. As we enter this week, the focus shifts to Q1 earnings (banks & tech) and further inflation data (PPI), with market direction heavily dependent on corporate performance, signals from the Fed, and geopolitical developments; as a result, volatility is expected to remain high even though the overall bias remains positive.
Indonesian Markets Indonesian stock market rose again due to improving global sentiment and an influx of foreign capital, supported by the energy sector and strong corporate performance. Although the rupiah weakened, the market remained relatively stable; however, the rally remains temporary amid risks of net foreign selling, rupiah volatility, and fiscal concerns. Looking ahead, the market is expected to move sideways with a slight upward bias, supported by the dividend season and Q1 earnings reports, but it remains sensitive to movements in U.S. yields, oil prices, and global geopolitical conditions.
Weekly Highlight on Economic Indicators
Our Take: JCI increased by 6.14% over the week to 7,458 as global sentiment improved (the U.S.-Iran ceasefire and the return to normalcy in the Strait of Hormuz), which calmed the market and caused oil prices to fall. The rise was also supported by increased trading volume and strength in major sectors such as energy, industry, and banking. Although the market appears to be recovering, this rally remains fragile as foreign capital flows remain unstable, the rupiah remains weak, and the market remains sensitive to global conditions.

Investment recommendations for our investors (in order of preference):
Fixed Income Fund > Money Market Fund > Balanced Fund > Equity Fund
Author : KBVAM Investment TeamSource: Bloomberg, Infovesta, Trading Economics
DISCLAIMER :INVESTMENT THROUGH MUTUAL FUNDS CONTAINS RISKS. PROSPECTIVE INVESTORS MUST READ AND UNDERSTAND THE PROSPECTUS BEFORE DECIDING TO INVEST THROUGH MUTUAL FUNDS. PAST PERFORMANCE DOES NOT REFLECT FUTURE PERFORMANCE.This document was prepared based on information from reliable sources by PT KB Valbury Asset Management. PT KB Valbury Asset Management does not guarantee the accuracy, adequacy or completeness of the information and materials provided. PT KB Valbury Asset Management Indonesia is not responsible for any legal and financial consequences arising, whether against or suffered by any person or party and in any way deemed to be a result of actions taken on the basis of all or part of this document.

Weekly Insight

Cautious Consolidation

06 April 2026

Global Markets Global markets rebounded last week after five weeks of declines but remain volatile, driven by expectations of a de-escalation in the U.S.–Iran conflict (particularly regarding the stabilization of the Strait of Hormuz), which reduced energy risk premiums. However, the rally was largely a relief rally, as oil prices remain high and inflation risks have not subsided. Next week, markets are likely to remain volatile and wait-and-see, with a focus on the realization of geopolitical de-escalation as well as the release of CPI/PCE data and the FOMC Minutes, which will determine the direction of the Fed’s higher for longer policy and global equity valuations.
Indonesian Markets Indonesia’s stock market was volatile and weakened last week due to global risk-off sentiment, high oil prices, and foreign net selling in the banking sector, with additional pressure from a decline in the PMI. The bond market remained relatively stable, and reforms by the IDX, OJK, and KSEI provided a positive sentiment. Next week, the market is expected to remain volatile and cautious, with a focus on domestic data and the dividend season amid risks related to U.S. inflation and geopolitical tensions.
Weekly Highlight on Economic Indicators
Our Take: JCI dropped 0.99% week-over-week to 7,026 amid volatile trading, with the midweek rebound offset by a correction at the end of the period. The decline was driven by global risk-off sentiment, geopolitical tensions, and net foreign selling, exacerbated by the weakening rupiah and domestic concerns. Daily transaction volume fell 36.69%, reflecting investor caution and keeping the JCI in a consolidation phase.

Investment recommendations for our investors (in order of preference):
Fixed Income Fund > Money Market Fund > Balanced Fund > Equity Fund
Author : KBVAM Investment TeamSource: Bloomberg, Infovesta, Trading Economics
DISCLAIMER :INVESTMENT THROUGH MUTUAL FUNDS CONTAINS RISKS. PROSPECTIVE INVESTORS MUST READ AND UNDERSTAND THE PROSPECTUS BEFORE DECIDING TO INVEST THROUGH MUTUAL FUNDS. PAST PERFORMANCE DOES NOT REFLECT FUTURE PERFORMANCE.This document was prepared based on information from reliable sources by PT KB Valbury Asset Management. PT KB Valbury Asset Management does not guarantee the accuracy, adequacy or completeness of the information and materials provided. PT KB Valbury Asset Management Indonesia is not responsible for any legal and financial consequences arising, whether against or suffered by any person or party and in any way deemed to be a result of actions taken on the basis of all or part of this document.

Weekly Insight

Edge of Uncertainty

30 March 2026

Global Markets Global markets weakened amid high volatility due to the escalation of the U.S.–Iran conflict, against a backdrop of conflicting uncertainties surrounding peace negotiations. This drove a surge in oil prices, heightened expectations of inflation and higher for longer interest rates, and triggered risk-off sentiment and stagflation concerns. Looking ahead to next week, markets are expected to remain volatile with a downward bias, influenced by the progress of those negotiations, oil price movements, and key data (ISM, ADP, NFP), though there is potential for a temporary rally amid oversold conditions and thin liquidity ahead of Good Friday.
Indonesian Markets Indonesia’s financial markets weakened last week amid consolidation driven by global risk-off sentiment (rising oil prices, high U.S. Treasury yields), pressure on the rupiah, and foreign capital outflows, although fundamentals remained stable. Next week, JCI is expected to see limited movement with a downward bias, with focus on inflation (risks from Ramadan and food/energy prices), the trade balance, and the manufacturing PMI; sentiment will remain bearish in the short term if inflation is high or the PMI weakens, which could put pressure on the rupiah and the JCI.
Weekly Highlight on Economic Indicators
Our Take: JCI dropped -0.14% WoW to 7,097, with market capitalization down 0.24%, although liquidity remained solid and foreign investors continued to be net sellers. The market was dominated by consolidation, briefly strengthening on the back of the banking sector, but was held back by global pressures (a strong dollar, rising US yields) that triggered profit-taking and outflows. The energy sector held up amid rising commodity prices, while the lack of domestic catalysts made the market more sensitive to external factors.

Investment recommendations for our investors (in order of preference):
Fixed Income Fund > Money Market Fund > Balanced Fund > Equity Fund
Author : KBVAM Investment TeamSource: Bloomberg, Infovesta, Trading Economics
DISCLAIMER :INVESTMENT THROUGH MUTUAL FUNDS CONTAINS RISKS. PROSPECTIVE INVESTORS MUST READ AND UNDERSTAND THE PROSPECTUS BEFORE DECIDING TO INVEST THROUGH MUTUAL FUNDS. PAST PERFORMANCE DOES NOT REFLECT FUTURE PERFORMANCE.This document was prepared based on information from reliable sources by PT KB Valbury Asset Management. PT KB Valbury Asset Management does not guarantee the accuracy, adequacy or completeness of the information and materials provided. PT KB Valbury Asset Management Indonesia is not responsible for any legal and financial consequences arising, whether against or suffered by any person or party and in any way deemed to be a result of actions taken on the basis of all or part of this document.

Weekly Insight

Negative Bias Phase

25 March 2026

Global Markets Global markets weakened amid escalating Middle East tensions after Trump threatened to destroy Iran’s energy facilities if the Strait of Hormuz was not opened, and Iran retaliated with threats against regional energy infrastructure driving up oil prices, inflation, and expectations of higher interest rates, which weighed on stocks and pushed up yields. This week, markets remain volatile and dependent on geopolitical developments and energy prices, with a focus on global PMI releases as the main catalyst, accompanied by other key data such as the UK CPI, U.S. durable goods orders, jobless claims, and consumer sentiment.
Indonesian Markets Indonesia’s financial markets were volatile and trended lower due to global pressures stemming from the Middle East conflict, which triggered rising oil prices, capital outflows, and a weakening rupiah, amid limited trading and the Bank of Indonesia maintaining its hawkish stance at 4.75%. This week, the market remains shrouded in global uncertainty, so movements are expected to remain volatile with a greater risk of decline, although there is a chance of a rebound; therefore, the strategy remains defensive and selective.
Weekly Highlight on Economic Indicators
Our Take: IHSG dropped -4.49% WoW to 7,106 amid low trading volume ahead of the long holiday, reflecting a consolidation phase with a negative bias. Market activity declined (volume -5.75%, frequency -15.28%), indicating a wait and see stance, but the surge in transaction value (+17.65%) suggests institutional dominance and rotation in large cap stocks. External pressures such as geopolitical escalation, rising oil prices, and a strengthening US dollar have led to defensive tendencies and increased interest in safe-haven assets.

Investment recommendations for our investors (in order of preference):
Fixed Income Fund > Money Market Fund > Balanced Fund > Equity Fund
Author : KBVAM Investment TeamSource: Bloomberg, Infovesta, Trading Economics
DISCLAIMER :INVESTMENT THROUGH MUTUAL FUNDS CONTAINS RISKS. PROSPECTIVE INVESTORS MUST READ AND UNDERSTAND THE PROSPECTUS BEFORE DECIDING TO INVEST THROUGH MUTUAL FUNDS. PAST PERFORMANCE DOES NOT REFLECT FUTURE PERFORMANCE.This document was prepared based on information from reliable sources by PT KB Valbury Asset Management. PT KB Valbury Asset Management does not guarantee the accuracy, adequacy or completeness of the information and materials provided. PT KB Valbury Asset Management Indonesia is not responsible for any legal and financial consequences arising, whether against or suffered by any person or party and in any way deemed to be a result of actions taken on the basis of all or part of this document.

Weekly Insight

Holding The Line

02 March 2026

Global Markets Global markets were defensive this week, driven by a rotation from growth/AI to defensive sectors. Negative sentiment was triggered by high AI valuations, hot PPI, and US-Iran tensions. Yield UST 10Y fell to 3.9% due to increased safe haven demand, while non-US markets were more resilient (EAFE & EM rose), reflecting diversification away from US big tech. Next week, markets are expected to be volatile, focus will be on ISM PMI, JOLTS, Jobless Claims, ADP, and NFP, which will influence Fed rate expectations. The rotation toward defensive stocks, large-caps, bonds, and commodities continues, while aggressive leverage should be avoided.
Indonesian Markets Indonesian market moved mixed and defensively, influenced by global and domestic sentiment. Stocks, bonds, and commodity markets showed moderate volatility. Foreign net selling increased, SBN yields were stable-to strong, especially for medium to long tenors. Next week, the market is expected to adopt a wait and see approach, focusing on rupiah stability, yield direction, foreign inflows, and global data affecting Fed interest rate expectations (NFP, ISM PMI) and domestic indicators such as the consumer confidence index and Q1 growth projections >5.39%, driven by improved labor absorption and seasonal consumption momentum ahead of Eid al-Fitr.
Weekly Highlight on Economic Indicators
Our Take: JCI fell -0.44% to 8,235 from 8,271, with market capitalization down 1.03% due to foreign net selling pressure of Rp694 billion. The decline was triggered by negative sentiment surrounding geopolitical tensions in the Middle East, uncertainty over US tariffs, and warnings from S&P regarding Indonesia's fiscal risks. Despite the correction, trading activity increased significantly, with daily transaction values rising 25.35%. The JCI remained resilient despite facing global and domestic pressures, with dynamic trading.

Investment recommendations for our investors (in order of preference):
Equity Fund > Fixed Income Fund > Balanced Fund > Money Market Fund
Author : KBVAM Investment TeamSource: Bloomberg, Infovesta, Trading Economics
DISCLAIMER :INVESTMENT THROUGH MUTUAL FUNDS CONTAINS RISKS. PROSPECTIVE INVESTORS MUST READ AND UNDERSTAND THE PROSPECTUS BEFORE DECIDING TO INVEST THROUGH MUTUAL FUNDS. PAST PERFORMANCE DOES NOT REFLECT FUTURE PERFORMANCE.This document was prepared based on information from reliable sources by PT KB Valbury Asset Management. PT KB Valbury Asset Management does not guarantee the accuracy, adequacy or completeness of the information and materials provided. PT KB Valbury Asset Management Indonesia is not responsible for any legal and financial consequences arising, whether against or suffered by any person or party and in any way deemed to be a result of actions taken on the basis of all or part of this document.

Weekly Insight

Correction Phase

26 January 2026

Global MarketsGlobal markets are volatile with a cautious bias amid geopolitical risks. Pressure from US tariff issues eased as threats related to Greenland were lifted, supported by the US GDP for the third quarter of 2025 being revised upward from 4.3% to 4.4%, without inflationary pressure and improving global sentiment, encouraging limited risk-on sentiment. President Trump has added to political tensions by imposing new sanctions and hinting at potential military action against Iran. The Fed is expected to keep its benchmark interest rate at 3.5%-3.75%. Next week's focus will be on the FOMC, with market direction determined by Powell's tone on the timing of interest rate cuts in 2026 and the release of PPI and labor data that could trigger volatility.
Indonesian MarketsDomestic stock market recorded a decline, pressured by profit taking, a strengthening US dollar, and rising US Treasury yields, which triggered foreign outflows. In addition, the volatility of the rupiah and policy uncertainty following the revocation of PT Agincourt Resources' Martabe gold mining permit also affected market sentiment. Next week, the market is expected to consolidate, with investors awaiting the announcement of MSCI's free float calculation methodology (30/01) and monitoring domestic macro data and FY2025 banking-consumption financial reports, with external risks remaining dominant from the US Core PCE and the direction of Fed policy.
Weekly Highlight on Economic Indicators
Our Take:The JCI corrected 1.37% WoW to 8,951 from 9,075, with high volatility, despite briefly hitting an ATH of 9,134. Liquidity increased (ADV +9.32%; transaction value +3.59%), but market capitalization dropped 1.62% to IDR 16,244 trillion, reflecting dominant selling pressure. The decline was triggered by a net foreign sell of IDR 3.25 trillion, led by banking and mining; sectorally, the decline was led by Transportation & Logistics, Industrials, Energy, and Technology, signaling a correction phase with a cautious bias amid active investor distribution.

The recommendation for investment to our investors (in order):
Equity Fund > Fixed Income Fund > Balanced Fund > Money Market Fund.
Author : KBVAM Investment TeamSource: Bloomberg, Infovesta, Trading Economics
DISCLAIMER :INVESTMENT THROUGH MUTUAL FUNDS CONTAINS RISKS. PROSPECTIVE INVESTORS MUST READ AND UNDERSTAND THE PROSPECTUS BEFORE DECIDING TO INVEST THROUGH MUTUAL FUNDS. PAST PERFORMANCE DOES NOT REFLECT FUTURE PERFORMANCE.This document was prepared based on information from reliable sources by PT KB Valbury Asset Management. PT KB Valbury Asset Management does not guarantee the accuracy, adequacy or completeness of the information and materials provided. PT KB Valbury Asset Management Indonesia is not responsible for any legal and financial consequences arising, whether against or suffered by any person or party and in any way deemed to be a result of actions taken on the basis of all or part of this document.

Weekly Insight

Confidence at Highs

19 January 2026

Global MarketsThe US stock market closed the week weaker but consolidated, even though the DJIA and S&P 500 hit record highs, supported by big bank earnings and a solid labor market (unemployment at 4.4%). Volatility increased due to Fed issues, while the AI rally and strengthening gold/silver kept risk appetite in wait-and-see mode. Next week is expected to be volatile with a cautiously optimistic bias, focusing on US PCE inflation, Flash PMI, consumer spending, continued Q4 earnings, and China's Q4 GDP. Globally, attention is on the World Economic Forum, ECB minutes, IEA oil report, and BoJ decisions with the sustainability of the rally remaining heavily dependent on corporate earnings strength.
Indonesian MarketsLast week, the Indonesian market recorded a historic moment with the stock index breaking its highest record, driven by domestic optimism and a global commodity rally, despite increased volatility due to geopolitical sentiment. Next week, the market is expected to consolidate, with a focus on Bank Indonesia's RDG regarding interest rate direction and Danantara's debut at the WEF Davos to attract global investment. Meanwhile, bonds and the Rupiah are likely to remain defensive as the US dollar strengthens, making selective buying strategies still relevant given the high level of short-term volatility.
Weekly Highlight on Economic Indicators
Our Take:The JCI and IDX market capitalization hit an all-time high (9,075 (+1,55% WoW); IDR 16,512 trillion), supported by foreign net buying of more than IDR 3 trillion despite the weak rupiah, confirming confidence in domestic equities. The JCI is likely to consolidate with limited bullish bias after reaching an ATH, being selective with short-term profit-taking risks, while the direction is determined by the sustainability of foreign inflows, issuers' earnings expectations, as well as global volatility and rupiah movements.

Investment recommendations for our investors (in order of preference):
Equity Fund > Fixed Income Fund > Balanced Fund > Money Market Fund
Author : KBVAM Investment TeamSource: Bloomberg, Infovesta, Trading Economics
DISCLAIMER :INVESTMENT THROUGH MUTUAL FUNDS CONTAINS RISKS. PROSPECTIVE INVESTORS MUST READ AND UNDERSTAND THE PROSPECTUS BEFORE DECIDING TO INVEST THROUGH MUTUAL FUNDS. PAST PERFORMANCE DOES NOT REFLECT FUTURE PERFORMANCE.This document was prepared based on information from reliable sources by PT KB Valbury Asset Management. PT KB Valbury Asset Management does not guarantee the accuracy, adequacy or completeness of the information and materials provided. PT KB Valbury Asset Management Indonesia is not responsible for any legal and financial consequences arising, whether against or suffered by any person or party and in any way deemed to be a result of actions taken on the basis of all or part of this document.

Weekly Insight

Bullish Breakout

12 January 2026

Global MarketsThe US global market closed strongly, with major indices posting weekly gains, driven by a rotation into the raw materials and industrial sectors, as US labor data softened but still reflected a resilient economy, reinforcing the soft landing narrative. However, expectations for interest rate cuts remain limited as US Treasury yields remain high. This week's focus shifts to the release of U.S. inflation (CPI) and the start of the Q4 earnings season, with the main attention on 2026 earnings guidance to test the sustainability of the January Effect amid already elevated market valuations and profit taking risks.
Indonesian MarketsIndonesian market is moving constructively, supported by a rotation to value stocks and solid investor participation with neutral foreign inflows. The bond market is cautious with limited SBN yield increases following global trends, a stable rupiah, and inflation remaining within Bank Indonesia's target. This week, the market is likely to move sideways with volatility remaining contained, awaiting the Trade Balance (surplus), the start of FY2025 banking earnings, and US data shaping Federal Reserve expectations, although short term profit taking remains a risk.
Weekly Highlight on Economic Indicators
Our Take:The JCI increased +2.16% WoW to 8,936, hitting a consecutive ATH of 8,944.8 and briefly breaking through 9,000 intraday (peak 9,002.9), confirming the domestic risk-on momentum. The IDX market capitalization rose +1.79% WoW to IDR 16,301 trillion, supported by foreign net buying of IDR 2.56 trillion in a week and IDR 3.1 trillion YTD 2026. Liquidity surged significantly, reflected in the average daily transaction value of +44.68% WoW to IDR 31.45 trillion. Technically, the JCI trend remains bullish as long as the index stays above the bullish trendline, the opportunity for a continued rally remains open with correction risks still manageable.

Investment recommendations for our investors (in order of preference):
Equity Fund > Fixed Income Fund > Balanced Fund > Money Market Fund
Author : KBVAM Investment TeamSource: Bloomberg, Infovesta, Trading Economics
DISCLAIMER :INVESTMENT THROUGH MUTUAL FUNDS CONTAINS RISKS. PROSPECTIVE INVESTORS MUST READ AND UNDERSTAND THE PROSPECTUS BEFORE DECIDING TO INVEST THROUGH MUTUAL FUNDS. PAST PERFORMANCE DOES NOT REFLECT FUTURE PERFORMANCE.This document was prepared based on information from reliable sources by PT KB Valbury Asset Management. PT KB Valbury Asset Management does not guarantee the accuracy, adequacy or completeness of the information and materials provided. PT KB Valbury Asset Management Indonesia is not responsible for any legal and financial consequences arising, whether against or suffered by any person or party and in any way deemed to be a result of actions taken on the basis of all or part of this document.

Publication

Valbury Money Market I Emerges As Champion

26 February 2026

PT KB Valbury Asset Management has once again received recognition for its outstanding performance as an Investment Manager by winning an award at the Best Mutual Fund Awards 2026. The event was held on Wednesday, February 25, 2026, at Hotel Habitate, Jakarta. At the event, the Valbury Money Market I Mutual Fund successfully won an award in the 5-Year Money Market Fund Category for funds with assets ranging from IDR 10 billion to IDR 100 billion. This award serves as proof of the fund’s consistent performance and its disciplined, well-measured investment management strategy over the past five years.

Publication

Promotion

23 December 2025

Promotion Terms & Conditions :

1. Minimum purchase of KB Valbury Asset Management Mutual Fund equivalent to IDR 1,000,000 will get a Bonus of IDR 100,000 if the participants meet all the terms and conditions of the program.
2. Valid for Valbury Prime Dynamic Equity Mutual Fund products.
3. Purchases of Mutual Funds for this promotion program can only be made on January 5-9, 2026 and must be through BRAVO.
4. Participants who do not make redemption transactions during the program period (5-30 January 2026) will get a maximum participation unit bonus of Rp. 100,000 (One Hundred Thousand Rupiah).
5. Participants who make redemption transactions during the program period (5-30 January 2026) are considered to have failed and are not entitled to bonuses.
6. The promotion is valid for the first 100 customers (new customers with no investment history)
7. The promotion is not valid for KB Valbury Asset Management’s employees.
8. The bonus is in the form of Valbury Prime Dynamic Equity mutual fund participation units.
9. The bonus will be given, no later than 7 working days after the end of the promotion program.
10. Taxes on the bonus received by the customer are borne by the Prize Recipient in accordance with applicable tax provisions.
11. This promotion cannot be combined with other promotions.

General Conditions :

1. Prizes are non-transferable.
2. The decision of PT KB Valbury Asset Management in determining the winner is absolute and cannot be contested.
3. KBVAM reserves the right to disqualify and cancel any bonus if there are indications of abuse of any form by participants and/or violations of terms and conditions.
4. KBVAM may change or terminate the promo and it’s terms and conditions at any time without prior notice.
5. This policy is effective from 5 January 2026 and if there are any changes it will be further confirmed.
6. Provisions that have not been listed in this circular letter (if any) will be regulated later.

Publication

PLAN OF AMENDMENT KIK & PROSPECTUS OF MUTUAL FUND KBVAM

01 December 2025

ANNOUNCEMENT OF PLANNING TO CHANGE COLLECTIVE INVESTMENT CONTRACTS ("KIK") AND PROSPECTUS OF MUTUAL FUNDS MANAGED BY PT KB VALBURY ASSET MANAGEMENT

PT KB Valbury Asset Management, as Investment Manager of:

1. VALBURY STABLE GROWTH FUND;
2. VALBURY INVESTASI BERIMBANG FUND;
3. VALBURY LIQUID FUND;
4. VALBURY MONEY MARKET I FUND; and
5. VALBURY PRIME DYNAMIC EQUITY FUND.

(hereinafter collectively referred to as "KB VALBURY MUTUAL FUNDS")
intends to announce planned changes to the Investment Cooperative Investment Fund (KIK) and Prospectus of KB VALBURY MUTUAL FUNDS, with the following details :

I. Planned changes to the Investment Cooperative Investment Fund (KIK) and Prospectus of KB VALBURY MUTUAL FUNDS

1. Change of the Investment Manager's name from "PT Valbury Capital Management" to "PT KB Valbury Asset Management";
2. Change of the name of KB VALBURY MUTUAL FUNDS in connection with the change of the Investment Manager's name as referred to in point 1) above;
3. Additional information on the Auto-debit mechanism for periodic payments for Participation Unit purchases of KB VALBURY MUTUAL FUNDS by KB VALBURY MUTUAL FUNDS Unit Holders.
4. Additional payment methods for purchasing Participation Units in VALBURY MUTUAL FUNDS by Unit Holders can be made through a Virtual Account;
5. Additional information that payment for purchasing Participation Units in VALBURY MUTUAL FUNDS into VALBURY MUTUAL FUNDS accounts can be made by transfer via electronic means, including payment gateways and QRIS (Quick Response Code Indonesian Standard), as long as it complies with applicable laws and regulations;
6. Updated correspondence addresses for the Investment Manager for all VALBURY MUTUAL FUNDS, except for the VALBURY LIQUID FUND.
7. Changes to the Composition of the Board of Directors and Investment Management Team of the Investment Manager; and
8. Adjustments to the provisions in the KIK and Prospectus to the Laws and Regulations of the Financial Services Authority ("POJK"), including the following:

• Law Number 4 of 2023, dated January 12, 2023, concerning the Development and Strengthening of the Financial Sector;
• OJK Regulation Number 17/POJK.04/2022, dated September 1, 2022, concerning the Guidelines for Investment Manager Conduct;
• OJK Regulation Number 4 of 2023, dated March 30, 2023, concerning the Second Amendment to OJK Regulation 23/POJK.04/2016 concerning Mutual Funds in the Form of Collective Investment Contracts;
• OJK Regulation Number 8 of 2023, dated June 14, 2023, concerning the Implementation of Anti-Money Laundering, Counter-Terrorism Financing, and Counter-Proliferation of Weapons of Mass Destruction Programs in the Financial Services Sector;
• OJK Regulation Number 22 of 2023, dated December 22, 2023, concerning OJK Regulation Concerning Consumer and Community Protection in the Financial Services Sector;
• OJK Regulation Number 22/POJK.04/2017 dated June 21, 2017, concerning Securities Transaction Reporting; and
• OJK Regulation Number 33 of 2024 dated December 19, 2024, concerning the Development and Strengthening of Investment Management in the Capital Market;
• OJK Regulation Number 56/POJK.04/2020 dated December 3, 2020, concerning Mutual Fund Reporting and Accounting Guidelines (specifically for VALBURY INVESTMENT BALANCED MUTUAL FUNDS and VALBURY MONEY MARKET I MUTUAL FUNDS);
• OJK Regulation Number 31/POJK.07/2020 dated April 22, 2020, concerning the Provision of Consumer and Public Services in the Financial Services Sector by the Financial Services Authority (specifically for VALBURY INVESTMENT BALANCED MUTUAL FUNDS and VALBURY MONEY MARKET I MUTUAL FUNDS);
• OJK Regulation Number 18/POJK.07/2018 dated September 10, 2018 concerning Consumer Complaints Services in the Financial Services Sector (specifically for VALBURY INVESTMENT BALANCED MUTUAL FUNDS and VALBURY MONEY MARKET I MUTUAL FUNDS); and
• OJK Regulation Number 61/POJK.07/2020 dated December 14, 2020 concerning Alternative Dispute Resolution Institutions in the Financial Services Sector (specifically for VALBURY INVESTMENT BALANCED MUTUAL FUNDS and VALBURY MONEY MARKET I MUTUAL FUNDS).

Publication

Resolving Investment Disputes in the Right Way: Getting to Know LAPS SJK

04 November 2025

As part of our commitment to transparency and investor protection, we support dispute resolution mechanisms through the Financial Services Sector Alternative Dispute Resolution Institution (LAPS SJK).
LAPS SJK is an independent institution licensed and supervised by the Financial Services Authority (OJK), which functions to assist in the fair, swift, and out-of-court resolution of disputes between consumers and financial service providers—including investment management companies.

The existence of LAPS SJK is regulated in OJK Regulation (POJK) Number 61/POJK.07/2020 concerning the Alternative Dispute Resolution Institution for the Financial Services Sector, which forms the legal basis for the implementation of non-litigation dispute resolution processes in the financial services industry.
Services Provided

• Mediation: dispute resolution by facilitating dialogue between disputing parties to reach a mutually beneficial agreement through a negotiation process between the disputing parties.
• Arbitration: resolution of civil disputes through an arbitrator's decision outside of the general court system based on an Arbitration Agreement made in writing by the disputing parties.
• Binding Opinions: Provision of professional views on differences in interpretation in the implementation of agreements, for example regarding: interpretation of unclear provisions; additions or changes to provisions related to the emergence of new circumstances; or regarding certain legal relationships of an agreement.

Through LAPS SJK, customers have an easily accessible and reliable dispute resolution channel, while companies can maintain their integrity, professionalism, and investor confidence.
For more information, visit the official website www.lapssjk.id.

Source : http://www.lapssjk.id

Publication

Cuan Challenge

09 July 2025

Program Terms & Conditions:

1. Promotion applies to new, existing and KB group employees
2. Customers who wish to participate in the CUAN CHALLENGE program are required to register in advance through the link available: bit.ly/joincuanchallenge
3. For those who are interested in participating in the CUAN CHALLENGE program but are not yet KB Valbury Asset Management customers, they can open a mutual fund account online through BRAVO (https://bravo.valbury.co.id) or manually fill out a mutual fund account opening form before registering as a CUAN CHALLENGE program participant.
4. Participants who have registered must make a subscription every month consecutively for 12 months, starting from the month when registering a minimum of Rp, 500,000, - (five hundred thousand rupiah).
5. Products that are included in the CUAN CHALLENGE program are Mutual Fund Products: Valbury Money Market I
6. Participants who do not make a subscription in 1 month or more during the regular investment period, will be disqualified.
7. Participants who do not make redemptions and successfully complete the Cuan Challenge program for 12 months will get a participation unit bonus of Rp. 150,000 (one hundred and fifty thousand rupiah).
8. The bonus will be given after each participant's periodic investment program ends in the form of mutual fund participation units (maximum 14 working days).
9. Taxes on bonuses received by customers are borne by KB Valbury Asset Management in accordance with applicable tax regulations.
10. Participants who have completed the Cuan Challenge program and have not made redemptions in the following 3 months will get an additional bonus of Rp.50,000 (fifty thousand rupiah).

General Conditions:

1. Prizes are non-transferable
2. The decision of PT KB Valbury Asset Management (KBVAM) in determining the winner is absolute and cannot be contested.
3. KBVAM has the right to disqualify and cancel the bonus if there are indications of misuse by participants and / or violations of the terms and conditions.
4. KBVAM may change or terminate the promo and terms and conditions at any time without prior notice.
5. This policy is effective as of August 01, 2025 and if there are any changes will be informed further.
6. Provisions that have not been listed in this circular will be regulated later.

Publication

Having Fund with Telkom University by MNC Securities & KB Valbury AM

02 November 2024

MNC Sekuritas dan KB Valbury AM Gandeng Mahasiswa Universitas Telkom Belajar Investasi Reksa Dana

BANDUNG, iNews.id - MNC Sekuritas merupakan perusahaan sekuritas yang aktif dan konsisten dalam menggelar kegiatan edukasi pasar modal untuk menciptakan investor yang berkualitas.

Salah satu bukti komitmen pengembangan investor pasar modal Tanah Air adalah konsistensi Perseroan dalam melakukan edukasi pasar modal, termasuk dalam rangka Bulan Inklusi Keuangan (BIK) dan Gerakan Nasional Cerdas Keuangan (GENCARKAN) MNC Sekuritas bersama KB Valbury Asset Management kembali berkolaborasi dalam menggelar edukasi reksa dana dalam rangkaian acara Having Fund 2024.

Kali ini edukasi dilaksanakan di Telkom University, Bandung pada Kamis (13/10/2024). Pemaparan materi disampaikan oleh General Manager KB Valbury Asset Management Dede Surjadi dan Senior Marketing Mutual Fund MNC Sekuritas Wesly Andri.

General Manager KB Valbury Asset Management Dede Surjadi mengatakan bahwa saat ini para mahasiswa ataupun karyawan yang baru mulai bekerja, harus mengenal dan paham mengenai investasi.

Hal ini diperlukan agar daya beli yang dimiliki tidak tergerus oleh inflasi dengan adanya imbal hasil yang optimal dengan risiko yang terukur.

“Untuk jangka panjang, pemahaman investasi sangat diperlukan untuk mempersiapkan kebebasan finansial bagi setiap individu di masa depan,” ujar Dede.

Wakil Dekan I Bidang Akademik Fakultas Ekonomi dan Bisnis Telkom University Deannes Isynuwardhana, PhD dalam keterangannya menyampaikan bahwa mahasiswa dan mahasiswi perlu untuk diberikan literasi dan informasi mengenai pasar modal.

“Harapannya kami ingin kegiatan seperti ini terus berlanjut sehingga mahasiswa-mahasiswi dapat memahami seperti apa pentingnya pasar modal,” tutur dia.

Nikmati layanan investasi saham dan reksa dana dari #MNCSekuritas dengan segera unduh aplikasi MotionTrade dan jelajahi seamless experience.

Aplikasi MotionTrade dapat diunduh di Google PlayStore dan Apple AppStore dengan link unduh onelink.to/motiontrade. MNC Sekuritas, Invest with The Best!

Editor: Puti Aini Yasmin

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Artikel ini telah diterbitkan di halaman inews.id pada Sabtu, 02 November 2024 - 11:44:00 WIB oleh Tim iNews.id dengan judul "MNC Sekuritas dan KB Valbury AM Gandeng Mahasiswa Universitas Telkom Belajar Investasi Reksa Dana". Untuk selengkapnya kunjungi:
https://www.inews.id/finance/bisnis/mnc-sekuritas-dan-kb-valbury-am-gandeng-mahasiswa-universitas-te...

Publication

Having Fund with Mercu Buana University by MNC Securities & KB Valbury AM

30 October 2024

JAKARTA - MNC Sekuritas merupakan perusahaan sekuritas yang aktif dan konsisten dalam menggelar kegiatan edukasi pasar modal untuk menciptakan investor yang berkualitas. Salah satu bukti komitmen pengembangan investor pasar modal Tanah Air adalah konsistensi Perseroan dalam melakukan edukasi pasar modal, termasuk dalam rangka Bulan Inklusi Keuangan (BIK) dan Gerakan Nasional Cerdas Keuangan (GENCARKAN).

MNC Sekuritas bersama KB Valbury Asset Management memberikan edukasi reksa dana kepada lebih dari 100 mahasiswa Universitas Mercu Buana , Kampus Menteng pada Selasa (29/10/2024). Adapun materi edukasi disampaikan oleh General Manager KB Valbury Asset Management Dede Surjadi dan Head of Mutual Fund MNC Sekuritas Agustina Endah.

Dalam pemaparannya, General Manager KB Valbury Asset Management Dede Surjadi menjelaskan bahwa berinvestasi berbeda dengan menabung. Uang kehilangan nilainya seiring dengan berjalannya waktu karena dipengaruhi oleh inflasi. Untuk melawan inflasi maka perlu berinvestasi, khususnya investasi pada reksa dana yang dikelola oleh para profesional.

“Mulai disiplin menyisihkan uang untuk berinvestasi reksa dana, bahkan berinvestasi reksa dana bisa dengan harga yang terjangkau di aplikasi MotionTrade, dengan imbal hasil yang lumayan dan risiko yang terukur!” jelasnya.

Kepala Galeri Investasi Universitas Mercu Buana Menteng Riska Rosdiana dalam sambutannya menyampaikan terima kasih kepada MNC Sekuritas dan KB Valbury Asset Management. Menurutnya, acara ini adalah sarana agar mahasiswa dapat mengelola keuangan melalui reksa dana, yang tentunya sangat cocok untuk investor pemula.

"Selamat mengikuti seminar ini, saya mewakili jajaran Universitas Mercu Buana Menteng berharap acara ini dapat berjalan dengan lancar. Kami berharap seminar ini bisa memberikan inspirasi bagi mahasiswa untuk lebih aktif dalam berinvestasi pasar modal," ucap Riska.

Nikmati layanan investasi saham dan reksa dana dari #MNCSekuritas dengan segera unduh aplikasi MotionTrade dan jelajahi seamless experience. Aplikasi MotionTrade dapat diunduh di Google PlayStore dan Apple AppStore dengan link unduh onelink.to/motiontrade.

MNC Sekuritas, Invest with The Best!

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Artikel ini telah diterbitkan di halaman SINDOnews.com pada Rabu, 30 Oktober 2024 - 11:10 WIB oleh Anto Kurniawan dengan judul "MNC Sekuritas dan KB Valbury AM Gelar Edukasi Reksa Dana di Universitas Mercu Buana". Untuk selengkapnya kunjungi:
https://ekbis.sindonews.com/read/1480639/178/mnc-sekuritas-dan-kb-valbury-am-gelar-edukasi-reksa-dan...

Publication

Having Fund with STIE Tri Bhakti by MNC Securities & KB Valbury AM

25 October 2024

JAKARTA - MNC Sekuritas merupakan perusahaan sekuritas yang aktif dan konsisten dalam menggelar kegiatan edukasi pasar modal untuk menciptakan investor yang berkualitas. Salah satu bukti komitmen pengembangan investor pasar modal Tanah Air adalah konsistensi Perseroan dalam melakukan edukasi pasar modal, termasuk dalam rangka Bulan Inklusi Keuangan (BIK) dan Gerakan Nasional Cerdas Keuangan (GENCARKAN).

MNC Sekuritas dan KB Valbury Asset Management menggelar kegiatan edukasi reksa dana "Having Fund 2024" di STIE Tri Bhakti pada Kamis (24/10/2024). Materi edukasi disampaikan langsung oleh Direktur KB Valbury Asset Management Dede Surjadi dan Senior Marketing Mutual Fund MNC Sekuritas Wesly Andri. Antusiasme peserta terlihat dari ±150 mahasiswa yang turut hadir mengikuti kegiatan ini.

Direktur KB Valbury Asset Management, Dede Surjadi mengatakan, bahwa para mahasiswa dan juga para pekerja muda Indonesia perlu pemahaman yang tepat mengenai investasi di pasar modal Indonesia, khususnya investasi pada reksa dana.

“Melalui acara Having Fund 2024 ini, kami memaparkan pentingnya disiplin dan komitmen dalam berinvestasi dengan nilai yang masih terjangkau oleh para investor pemula. Kami memperkenalkan pula produk reksa dana yang cocok untuk tujuan tersebut, dimana produk tersebut dapat diperoleh melalui MotionTrade dari MNC Sekuritas,” ujar Dede.

Rektor STIE Tri Bhakti Drs.Widayatmoko, MM., M.Ikom dalam keterangan tertulisnya menerangkan, bahwa kolaborasi antara MNC Sekuritas dan STIE Tri Bhakti dilakukan untuk terus mengedukasi dan meningkatkan literasi pasar modal.

"Kami berharap agar mahasiswa lebih mengenal berbagai instrumen pasar modal, sehingga dapat membuka akses dan kesempatan mahasiswa untuk menjadi investor di pasar modal," tulis Widayatmoko.

Nikmati layanan investasi saham dan reksa dana dari #MNCSekuritas dengan segera unduh aplikasi MotionTrade dan jelajahi seamless experience. Aplikasi MotionTrade dapat diunduh di Google PlayStore dan Apple AppStore dengan link unduh onelink.to/motiontrade .

MNC Sekuritas, Invest with The Best!

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Artikel ini telah diterbitkan di halaman SINDOnews.com pada Kamis, 24 Oktober 2024 - 16:27 WIB oleh Anto Kurniawan dengan judul "Mahasiswa STIE Tri Bhakti Antusias Ikuti Edukasi Having Fund oleh MNC Sekuritas & KB Valbury AM". Untuk selengkapnya kunjungi:
https://ekbis.sindonews.com/read/1477915/178/mahasiswa-stie-tri-bhakti-antusias-ikuti-edukasi-having....