BNI Asset Management, formerly an investment management arm of BNI Securities, had been an Indonesian licensed investment management company since October 1995, making it one of investment management pioneers in the nation. PT BNI Asset Management, later was officially spun off from PT BNI Securities in July 2011. BNI Securities still hold majority ownership (99.9%) of the subsidiary. PT BNI Securities itself is 75% owned by PT Bank Negara Indonesia (Persero) Tbk., a state-owned bank and the fourth largest in the country. The other 25% of BNI Securities is owned by Japan-based SBI Securities Co. Ltd., a premier Japanese online securities company. BNI Asset Management is among top 10 investment manager in Indonesia. Excluding discretionary and private issuance funds, its asset under management (AUM) was more than IDR 13 trillion (some USD 900 million), making it the 7th largest Indonesian investment management company by AUM (data as of 30 Sep 2016, based on Otoritas Jasa Keuangan - OJK data). BNI Asset Management has extensive lines of funds consisting of fixed income, balanced, capital protected, money market, equity, and private issuance. Our extensive Sharia-compliant products include Indonesia's first Sharia-compliant money market fund. In July 2014, BNI launched USD-denominated money market fund, Reksa Dana BNI-AM Dana Likuid Dollar, hoping to follow the lead of its sister fund, IDR-based Reksa Dana BNI-AM Dana Likuid which has won APRDI-Bloomberg Award and Majalah Investor Award as the best money market fund in 2013. Firmly rooted in return optimization and prudent risk management practice, BNI Asset Management continues to innovate in product creation with several funds in their pipeline. Its equity flagship fund, Reksa Dana BNI-AM Inspiring Equity Fund has shown strong performance since its inception in April 2014, exemplifying the caliber of our fund management team.