{"id":9743,"date":"2025-01-02T00:00:00","date_gmt":"2025-01-01T17:00:00","guid":{"rendered":"http:\/\/mandiri.test\/uncategorized-id\/equity-market-commentary-dec-2024\/"},"modified":"2026-01-19T16:36:45","modified_gmt":"2026-01-19T09:36:45","slug":"equity-market-commentary-dec-2024","status":"publish","type":"post","link":"https:\/\/mandiri-invest.azdevs.my.id\/en\/market-update\/equity-market-commentary-dec-2024\/","title":{"rendered":"Equity Market Commentary : December 2024"},"content":{"rendered":"

Diversifying<\/h2>\n
\n
\n
\n

 <\/p>\n

The Indonesian equity market in December 2024 remained under pressure from the weakening exchange rate. The Rupiah depreciated by 2%, reaching Rp 16,150\/USD from Rp 15,850\/USD in the previous month. However, for the entire year, the Rupiah only depreciated by 5%, supported by a stable trade surplus. The strength of the U.S. dollar, reflected in the DXY index rising to 108 in December from 100 in September, was driven by shifts in U.S. monetary policy and expectations for the U.S. economy. The Federal Reserve indicated that the pace of rate cuts in 2025 might not match the faster pace seen in 2024. The U.S. economy is experiencing a soft landing, a phase of the slowdown cycle characterized by stable job market and inflation conditions.<\/p>\n

However, with the implementation of new policies under President Trump, the U.S. economy could strengthen further, increasing the risk of inflationary pressures. In response, the Federal Reserve revised its median forecasts for PCE inflation to 2.5%\u20132.7%, up from the earlier projection of 2.1%\u20132.3%. Consequently, the Fed is now expected to cut interest rates in 2025 only twice (50 bps) instead of four times (100 bps) in 2025.<\/p>\n

The domestic equity market showed signs of losing momentum due to these global developments. A strong DXY index may continue to weigh on Indonesian equities. However, as Trump\u2019s policies become clearer and better understood after his inauguration, global markets might shift focus toward diversifying portfolios into emerging markets, including Indonesia. We believe investors should anticipate volatility by maintaining diversified portfolios and avoiding overconcentration in specific asset classes.<\/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":"

Rupiah weakens 2% in Dec 2024, DXY rises to 108. Indonesian stocks face pressure, diversification remains key strategy.<\/p>\n","protected":false},"author":2,"featured_media":7593,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[368,382],"tags":[365],"class_list":["post-9743","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update","tag-english"],"acf":[],"yoast_head":"\nEquity Market Commentary : December 2024 - Mandiri Investasi<\/title>\n<meta name=\"description\" content=\"Rupiah weakens 2% in Dec 2024, DXY rises to 108. 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