Indonesia's $48b social security fund looks to double equities exposure

Indonesia's $48b social security fund looks to double equities exposure

FILE PHOTO: A man walks past the Indonesia Stock Exchange (IDX) building in Jakarta, April 8, 2025. REUTERS/Willy Kurniawan/File Photo

Indonesia’s $48 billion social security fund BPJS Ketenagakerjaan, the country’s largest institutional investor, aims to boost the share of local equities in its portfolio to up to 20% within three years, with a recent market crash creating room to invest in undervalued shares, a top official told Reuters on Friday.

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