NEWS
- America :
Wall Street weakened (Dow -0.65%, Nasdaq -0.84%, S&P 500 -0.67%) due to risk-off sentiment driven by renewed U.S.–Iran tensions, persistently high oil prices, and rising UST yields, with the UST 10Y climbing to 4.67%. Concerns over inflation and higher-for-longer interest rates further pressured the market, with the technology sector hit the hardest ahead of NVIDIA’s earnings amid a global bond sell-off.
- Asia : Asian markets were mixed (China SSE +0.92%, Hang Seng +0.48%, Nikkei 225 -0.44%, KOSPI -3.25%). China and Hong Kong markets strengthened on stimulus expectations, while Japan and Korea were pressured by profit-taking, yen appreciation, and foreign outflows. Markets were also overshadowed by Middle East tensions, rising global yields, and weak China data, although pressure from oil prices eased after the postponement of the U.S. attack plan on Iran.
MARKET UPDATE
-
The JCI closed lower at 6,370 (-3.46%) due to a broad sell-off triggered by rumors regarding the establishment of a strategic commodity export agency, which raised concerns over pressure on corporate margins. The basic materials, energy, and transportation sectors were the most heavily affected, compounded by MSCI rebalancing and the rupiah weakening to a record low ahead of the Bank Indonesia decision, with consensus expecting the BI Rate to rise to 5% to maintain rupiah stability.
- Bond market: The Indonesia 10Y government bond yield rose to 6.75% due to rupiah weakness, which increased risk premiums and expectations of a BI Rate hike, triggering a repricing of the SUN yield curve. Rising UST yields, elevated energy prices, and expectations of persistently high Fed rates also narrowed the Indonesia–U.S. yield spread and encouraged foreign outflows.
Source : Bloomberg, Infovesta
---
DISCLAIMER :
INVESTMENT IN MUTUAL FUNDS INVOLVES RISKS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. BEFORE INVESTING, PLEASE CAREFULLY READ AND UNDERSTAND THE PROSPECTUS.
This document was prepared by PT KB Valbury Asset Management based on information from reliable sources. 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 from actions taken based on this document, whether suffered by any person or party.
Latest Weekly Insight
Weekly Insight
Rebalance Shock
18 May 2026Weekly Insight
Rebalance Shock
18 May 2026
Global Markets
Global markets were volatile last week, the AI rally (the “Magnificent 7”) continued to provide support but weakened toward the end of the week due to higher U.S. inflation, rising yields, and strong oil prices, with sentiment split between AI optimism and interest rate concerns; Next week’s focus is on the Fed’s transition to Kevin Warsh, Nvidia’s earnings, as well as UK PMI and CPI data and the FOMC Minutes, with markets expected to trade sideways and remain volatile as they await policy direction.
Indonesian Markets
Last week, the Indonesian market was generally bearish and volatile. The JCI weakened due to foreign outflows, a stronger USD, rising global yields, geopolitical tensions, and additional pressure from MSCI’s reclassification of six large-cap stocks to small-cap, while the Rupiah also weakened temporarily. Nevertheless, domestic fundamentals remain solid, with economic growth at 5.6% YoY. Next week is expected to be sideways with a negative bias, with the main focus on the BI RDG (May 19–20), which will be the primary catalyst for the direction of the Rupiah and the IHSG, where BI is expected to hold at 4.75% or potentially raise.
Weekly Highlight on Economic Indicators
Our Take:
JCI dropped 3.53% WoW to 6,723, driven by a foreign outflow of Rp3.2 trillion, primarily due to the MSCI rebalancing that removed six major stocks (AMMN, BREN, TPIA, DSSA, CUAN, AMRT). Pressure was exacerbated by U.S. inflation at 3.8%, a strengthening USD, rising global yields, and a weakening Rupiah. The impact was a 4.68% decline in market cap and reduced liquidity, signaling a risk-off market.
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
Fragile Consolidation
11 May 2026Weekly Insight
Fragile Consolidation
11 May 2026
Global Markets
Global markets closed higher last week on the back of solid U.S. jobs data, strong earnings reports from the tech and AI sectors, and easing geopolitical tensions in the Middle East. Optimism regarding the U.S. economy is sustaining positive market sentiment, even as the Fed remains inclined to keep interest rates high for longer. Looking ahead to next week, investor focus is on U.S. inflation data (CPI and PPI), Retail Sales, and the Trump–Xi meeting, which could potentially influence the direction of global markets.
Indonesian Markets
Indonesia’s financial markets were volatile and generally mixed last week. Positive sentiment from solid Q1-2026 economic growth of 5.61% year-over-year briefly supported the market, but global pressures stemming from geopolitical tensions in the Middle East, rising oil prices, a strengthening U.S. dollar, and expectations of high Fed interest rates triggered foreign outflows, a weakening rupiah, and pressure on the JCI and bonds. Looking ahead, the market is expected to remain range-bound with high volatility, influenced by the direction of US inflation, US Treasury yields, rupiah stability, and the results of the MSCI Review. Although domestic fundamentals remain strong, investors are advised to focus on defensive sectors.
Weekly Highlight on Economic Indicators
Our Take:
JCI increased 0.18% WoW to 6,969, driven by bargain hunting and foreign inflows, but came under pressure toward the end of the week due to negative global sentiment, a weaker rupiah, and a correction in commodity stocks. IDX trading volume increased 23.57% to 45.86 billion shares, while external pressures kept the JCI moving in a consolidative and volatile manner amid sensitivity to foreign capital flows, the rupiah, geopolitics, and the MSCI review.
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
Fragile Rally
13 April 2026Weekly 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 2026Weekly 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.
Latest Daily Market Wrap
Daily Market Wrap
May 19, 2026
19 May 2026Daily Market Wrap
May 19, 2026
19 May 2026NEWS
- America :
Wall Street closed mixed (Dow +0.32%, Nasdaq -0.51%, S&P 500 -0.07%) amid a risk-off sentiment triggered by the escalation of U.S.–Iran tensions and the surge in oil prices, which pushed the U.S. 10Y Treasury yield up to 4.59%, pressuring growth and technology stocks. The decline was exacerbated by profit taking ahead of Nvidia’s earnings release and inflation concerns that increased expectations of a more hawkish Fed stance, prompting rotation into defensive sectors.
- Asia : Asian markets closed mixed (China SSE -0.09%, Hang Seng -1.11%, Nikkei 225 -0.97%, KOSPI +0.31%) due to escalating U.S.–Iran geopolitical tensions following Trump’s warning to Iran, raising concerns over potential disruptions to global oil supply. Sentiment was further pressured by slowing global economic growth, China’s weak recovery, and continued U.S.–China uncertainty, which triggered capital outflows. Markets remained cautious ahead of further Fed signals and geopolitical developments.
MARKET UPDATE
-
The JCI fell to 6,599 (-1.85%) due to selling pressure from rupiah weakness and MSCI rebalancing-related outflows. The weaker rupiah fueled speculation of a potential BI Rate hike, compounded by negative sentiment surrounding the removal of HSC shares from the FTSE Russell index effective June 2026, as well as heightened U.S.–Iran tensions that triggered a broader risk-off sentiment and rising oil prices. Market volatility remains elevated.
- Bond market: Indonesia’s 10Y government bond yield (SUN 10Y) rose to 6.75% amid escalating U.S.–Iran tensions, global inflation concerns, and rising U.S. Treasury yields, prompting foreign investors to reduce SBN holdings to below 12.75%. Despite expectations of BI intervention, potential rate hikes, and the Bond Stabilization Fund, investors remain cautious amid rupiah volatility and ongoing global uncertainty.
Source : Bloomberg, Infovesta --- DISCLAIMER : INVESTMENT IN MUTUAL FUNDS INVOLVES RISKS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. BEFORE INVESTING, PLEASE CAREFULLY READ AND UNDERSTAND THE PROSPECTUS. This document was prepared by PT KB Valbury Asset Management based on information from reliable sources. 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 from actions taken based on this document, whether suffered by any person or party.
Daily Market Wrap
May 13, 2026
13 May 2026Daily Market Wrap
May 13, 2026
13 May 2026NEWS
- America :
Wall Street closed mixed (Dow +0.11%, Nasdaq -0.71%, S&P 500 -0.16%) as markets were pressured by April U.S. inflation rising to 3.8% YoY (the highest since May 2023 and above expectations), reinforcing the Fed’s “higher for longer” outlook. The 10-year U.S. Treasury yield climbed to 4.46%, while surging oil prices due to escalating U.S.–Iran tensions weighed on technology stocks and triggered rotation into defensive sectors.
- Asia : Asian markets were mixed (China SSE -0.25%, Hang Seng -0.22%, Nikkei 225 +0.52%, KOSPI -2.29%) amid profit taking and risk-off sentiment driven by Middle East tensions, rising oil prices, and concerns over U.S. inflation. Investors are awaiting the Trump–Xi meeting in Beijing on May 13–15 following discussions between U.S. and Chinese delegations in South Korea regarding trade and Iran-related issues, alongside speculation over Putin’s potential visit to China on Monday (May 18).
MARKET UPDATE
-
The JCI fell 0.68% to 6,858 due to pressure from the May 2026 MSCI rebalancing sentiment, rupiah weakness reaching a record low, and rising Middle East tensions. The market is anticipating potential foreign outflows following the MSCI announcement (removal of AMMN, BREN, TPIA, DSSA, CUAN, AMRT, with no new stock additions).
- Bond market: The 10-year Indonesian government bond (SUN) yield rose to 6.69% amid selling pressure caused by rupiah weakness, concerns over MSCI-related outflows, and rising global yields. Nevertheless, volatility remained relatively contained, supported by solid domestic fundamentals, manageable inflation, and continued strong demand from domestic institutional investors.
Source : Bloomberg, Infovesta --- DISCLAIMER : INVESTMENT IN MUTUAL FUNDS INVOLVES RISKS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. BEFORE INVESTING, PLEASE CAREFULLY READ AND UNDERSTAND THE PROSPECTUS. This document was prepared by PT KB Valbury Asset Management based on information from reliable sources. 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 from actions taken based on this document, whether suffered by any person or party.
Daily Market Wrap
May 12, 2026
12 May 2026Daily Market Wrap
May 12, 2026
12 May 2026NEWS
- America :
Wall Street advanced (Dow +0.19%, Nasdaq +0.10%, S&P 500 +0.19%), supported by the technology sector and AI euphoria, although sentiment remained overshadowed by U.S.–Iran tensions that pushed oil prices higher. The 10-year U.S. Treasury yield rose to 4.41% amid inflation concerns. Investors are focusing on upcoming U.S. CPI/PPI data and the U.S.–China meeting as the next market direction indicators.
- Asia : Asian markets were mixed (China SSE +1.08%, Hang Seng +0.05%, Nikkei 225 -0.47%, KOSPI +4.32%). Gains were supported by optimism over China’s economic data and expectations surrounding a Trump–Xi meeting, but sentiment was weighed down by surging oil prices due to escalating U.S.–Iran tensions and risks surrounding the Strait of Hormuz. Market sentiment also came under pressure after Trump stated that the U.S.–Iran ceasefire remained fragile and described Tehran’s proposal as “Totally Unacceptable.”
MARKET UPDATE
-
The JCI declined to 6,905 (-0.92%), pressured by rupiah weakness, foreign net selling, and concerns over MSCI rebalancing. Negative sentiment intensified due to escalating Middle East geopolitical tensions that drove global oil prices higher, compounded by the confirmation of higher mining royalty rates starting in June 2026. Although the consumer confidence index remained stable at 123, the market continued to face selling pressure.
- Bond market: The 10-year Indonesian government bond (SUN) yield rose to 6.59%, driven by rupiah depreciation, rising U.S. Treasury yields, and foreign investor profit-taking ahead of MSCI rebalancing. The increase reflected higher risk premiums amid concerns over Middle East geopolitics and surging energy prices, although domestic demand for SUN remained relatively solid.
Source : Bloomberg, Infovesta --- DISCLAIMER : INVESTMENT IN MUTUAL FUNDS INVOLVES RISKS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. BEFORE INVESTING, PLEASE CAREFULLY READ AND UNDERSTAND THE PROSPECTUS. This document was prepared by PT KB Valbury Asset Management based on information from reliable sources. 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 from actions taken based on this document, whether suffered by any person or party.
Daily Market Wrap
May 11, 2026
11 May 2026Daily Market Wrap
May 11, 2026
11 May 2026NEWS
- America :
Wall Street closed higher (Dow +0.02%, Nasdaq +1.71%, S&P 500 +0.84%) after April U.S. payrolls came in above expectations, supported by strong tech earnings and optimism surrounding AI. The U.S. 10-year Treasury yield declined to 4.35%. Trump and Iran both rejected the latest peace proposal, with Iran still refusing to shut down its nuclear facilities despite being willing to relocate part of its uranium stockpile, triggering gains in oil and gas prices.
-
Europe :
European markets weakened (STOXX 600 down 0.69%) due to geopolitical concerns, Trump’s tariff threats toward the EU, and expectations of higher interest rates for longer. Investors engaged in profit taking and reduced risk exposure amid uncertainty over the policy direction of the ECB and the Fed.
- Asia : Asian markets were mixed (China SSE -0.00%, Hang Seng -0.87%, Nikkei 225 -0.19%, KOSPI +0.11%) amid profit taking in technology stocks and optimism toward the AI sector, while markets continued to monitor Middle East tensions after Donald Trump rejected Iran’s latest proposal to end the war.
MARKET UPDATE
-
The JCI fell 2.86% to 6,969, driven by massive selling in big-cap commodity stocks after the government proposed a progressive royalty increase of up to 10% for nickel, copper, gold, silver, and tin starting June 2026, alongside the implementation of export duties and a windfall profit tax. Market pressure deepened further amid negative global sentiment stemming from escalating U.S.–Iran tensions and rupiah weakness.
- Bond market: The 10-year Indonesian government bond yield (SUN 10Y) declined to 6.58% amid domestic investor inflows and fund rotation into bonds, supported by controlled inflation and Indonesia’s still-solid economic fundamentals. Foreign investors remained in a wait-and-see mode amid U.S. Treasury volatility, rupiah weakness, and anticipation of next week’s U.S. inflation data.
Source : Bloomberg, Infovesta --- DISCLAIMER : INVESTMENT IN MUTUAL FUNDS INVOLVES RISKS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. BEFORE INVESTING, PLEASE CAREFULLY READ AND UNDERSTAND THE PROSPECTUS. This document was prepared by PT KB Valbury Asset Management based on information from reliable sources. 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 from actions taken based on this document, whether suffered by any person or party.
Latest Publication
Publication
Valbury Money Market I Emerges As Champion
26 February 2026Publication
Valbury Money Market I Emerges As Champion
26 February 2026-All_KBValburyAM-61.jpg "Image: https://kbvalburyasset.co.id/images/news/PiagamBMFA26(A4)-All_KBValburyAM-61.jpg")
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 2025Publication
Promotion
23 December 2025Promotion Terms & Conditions :
- 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.
- Valid for Valbury Prime Dynamic Equity Mutual Fund products.
- Purchases of Mutual Funds for this promotion program can only be made on January 5-9, 2026 and must be through BRAVO.
- 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).
- Participants who make redemption transactions during the program period (5-30 January 2026) are considered to have failed and are not entitled to bonuses.
- The promotion is valid for the first 100 customers (new customers with no investment history)
- The promotion is not valid for KB Valbury Asset Management’s employees.
- The bonus is in the form of Valbury Prime Dynamic Equity mutual fund participation units.
- The bonus will be given, no later than 7 working days after the end of the promotion program.
- Taxes on the bonus received by the customer are borne by the Prize Recipient in accordance with applicable tax provisions.
- This promotion cannot be combined with other promotions.
General Conditions :
- Prizes are non-transferable.
- The decision of PT KB Valbury Asset Management in determining the winner is absolute and cannot be contested.
- 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.
- KBVAM may change or terminate the promo and it’s terms and conditions at any time without prior notice.
- This policy is effective from 5 January 2026 and if there are any changes it will be further confirmed.
- 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 2025Publication
PLAN OF AMENDMENT KIK & PROSPECTUS OF MUTUAL FUND KBVAM
01 December 2025ANNOUNCEMENT 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:
- VALBURY STABLE GROWTH FUND;
- VALBURY INVESTASI BERIMBANG FUND;
- VALBURY LIQUID FUND;
- VALBURY MONEY MARKET I FUND; and
- VALBURY PRIME DYNAMIC EQUITY FUND.
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
- Change of the Investment Manager's name from "PT Valbury Capital Management" to "PT KB Valbury Asset Management";
- 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;
- 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.
- Additional payment methods for purchasing Participation Units in VALBURY MUTUAL FUNDS by Unit Holders can be made through a Virtual Account;
- 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;
- Updated correspondence addresses for the Investment Manager for all VALBURY MUTUAL FUNDS, except for the VALBURY LIQUID FUND.
- Changes to the Composition of the Board of Directors and Investment Management Team of the Investment Manager; and
- 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 2025Publication
Resolving Investment Disputes in the Right Way: Getting to Know LAPS SJK
04 November 2025As 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
