{"id":9673,"date":"2024-09-06T00:00:00","date_gmt":"2024-09-05T17:00:00","guid":{"rendered":"http:\/\/mandiri.test\/uncategorized-id\/equity-market-commentary-august-2024\/"},"modified":"2026-01-19T16:36:41","modified_gmt":"2026-01-19T09:36:41","slug":"equity-market-commentary-august-2024","status":"publish","type":"post","link":"https:\/\/mandiri-invest.azdevs.my.id\/en\/market-update\/equity-market-commentary-august-2024\/","title":{"rendered":"Equity Market Commentary : August 2024"},"content":{"rendered":"

Well Aligned\u00a0<\/strong><\/h2>\n
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 <\/p>\n

The domestic equity market has been significantly influenced by global macroeconomic trends. Early in the month, recession fears were prevalent, but by the end of August 2024, the Federal Reserve successfully guided the economy toward a convincing soft landing. It seems the Fed, much like a seasoned race car driver, has completed its final victory lap in a scenario where inflation and the job market were well-aligned. The Fed chairman made a pivotal announcement, signalling that it is now the appropriate time to begin cutting US interest rates. These rate reductions will be implemented gradually, with decreases of 25 basis points at each meeting starting in September 2024.<\/p>\n

The Rupiah strengthened to below Rp15,500 in August 2024, improving from around Rp16,250 per USD the previous month. This appreciation follows a trend of global currencies gaining against the USD as the US central bank lowers its rates. A stronger Rupiah allows companies to reduce input costs, potentially expanding their profit margins over time. Additionally, we anticipate an increase in purchasing power in the coming months, especially as the local elections in November 2024 approach. Overall, we hold a very positive outlook on the domestic equity market and believe it can continue to achieve record highs.<\/p>\n<\/div>\n<\/div>\n

 <\/p>\n<\/div>\n

Product Recommendation<\/h2>\n

 <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
EQUITY FUND<\/th>\n<\/tr>\n<\/thead>\n
MITRA A<\/a><\/td>\nMITRA invests in majority domestic stocks, with a focus on Big Cap stocks. Categorized as a Long-Term investment with high risk. Investors bear the risk associated with the equity portfolio.<\/td>\n<\/tr>\n
MICB A<\/a><\/td>\nMICB primarily invests in stocks included in the LQ45 index. Categorized as a Long-Term investment with high risk. Investors bear the risk associated with the equity portfolio.<\/td>\n<\/tr>\n
BALANCED FUND<\/th>\n<\/tr>\n
MIA<\/a><\/td>\nMIA invests in Equities, Bonds and Money Market with Medium Term and categorized Medium Risk. Investors bear the risk associated with the equity portfolio.<\/td>\n<\/tr>\n
MISB<\/a><\/td>\nMISB invests in Sharia Equities, Sukuk and Money Market Sharia with Medium Term and categorized Medium Risk. Investors bear the risk associated with the equity portfolio.<\/td>\n<\/tr>\n
EQUITY INDEX AND ETF FUND<\/th>\n<\/tr>\n
FTSE ESG A<\/a><\/td>\nFTSEESG primarily invests in stocks included in the FTSE Indonesia ESG Index. Categorized as a Long-Term investment with high risk. Investors bear the risk associated with the equity portfolio.<\/td>\n<\/tr>\n
XMLF<\/a><\/td>\nMandiri ETF LQ45 is an ETF that invests in blue-chip stocks listed in the LQ45 Index. Categorized as a Long-Term investment with high risk. Investors bear the risk associated with the portfolio of these stocks.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

\n

For More Information<\/h3>\n

Contact Mandiri Investasi – (021) 526 3505
\nMandiri Investasi Whatsapp – 0816 86 0003
\nMandiri Investasi Email – cs@mandiri-investasi.co.id<\/a>
\nMandiri Investasi Website – www.mandiri-investasi.co.id<\/a><\/p>\n

\n

DISCLAIMER<\/em>
\n
\nThe opinions expressed in the article are for general informational purposes only and are not intended to provide specific advice or recommendations for individuals or specific mutual fund or investment products. It is intended solely to provide education about the financial industry. Views reflected in the content may change at any time without notice. All performance data and investment returns mentioned in this article cannot be used as a basis for calculation to buy or sell a mutual fund. This data is performance records based on historical data and is not a guarantee of future mutual fund performance. Investment through mutual funds carries risks. Investors are required to read and understand the prospectus before deciding to invest through mutual funds.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Domestic equities stabilized, supported by US rate cuts and a stronger Rupiah, with a positive outlook for future growth ahead.<\/p>\n","protected":false},"author":2,"featured_media":7423,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[368,382],"tags":[365],"class_list":["post-9673","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update","tag-english"],"acf":[],"yoast_head":"\nEquity Market Commentary : August 2024 - Mandiri Investasi<\/title>\n<meta name=\"description\" content=\"Domestic equities stabilized, supported by US rate cuts and a stronger Rupiah, with a positive outlook for future growth ahead.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Equity Market Commentary : August 2024 - 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