Indonesian Equity Market Shows Resilience with Positive Fund Performance

Market Trend and Fund Performance

The Indonesian Composite Stock Price Index (IHSG) has demonstrated a positive trend, rising 16% year-to-date in 2025. This upward momentum has positively impacted equity funds, which recorded a 7.14% return as of October 2025, outperforming both fixed income and money market funds ³

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The positive performance is attributed to various factors including the strengthening Indonesian economy, as indicated by positive PMI Manufacture data and continuous trade surplus ²

. The IHSG's rise has been supported by improved investor sentiment following robust economic indicators and the inclusion of certain stocks in the MSCI index review ⁴

Source 4

https://investasi.kontan.co.id/news/ihsg-naik-022-pada-kamis-611-intip-proyeksi-dan-rekomendasi-sahamnya-untuk-esok

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Analyst Insights and Market Projections

Analysts remain optimistic about the potential for further gains in the equity market. Hernandi Wisnu, Portfolio Manager at Samuel Asset Management, notes that despite the significant year-to-date growth, there remains potential for optimization in equity investments, including equity funds. This optimism is supported by gradual improvements in financial liquidity and the overall economic situation ³

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However, there are concerns about potential profit-taking activities following the recent strong performance. The market is expected to remain volatile as investors await key economic data releases, such as foreign exchange reserves for October 2025 ⁴

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Fund Performance Highlights

Specific equity funds have shown exceptional performance. For instance, SAM Dana Saham Nusantara Kelas S by Samuel Asset Manajemen recorded a 9.27% month-on-month return in October 2025. This strong performance highlights the potential of actively managed equity funds in the current market environment ¹

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