Wow, BPJS Ketenagakerjaan is slashing investment in stocks and mutual funds

Bisnis.com, JAKARTA – The Social Security Administration or BPJS Ketenagakerjaan stated that it would reduce the composition of investments in stocks and mutual funds to reduce the risk of falling prices in the market, which was predicted to be the cause. unrealized loss.

This was conveyed by BPJS Chief Executive Officer Ketenagakerjaan Anggoro Eko Cahyo during a joint hearing with the BPJS Employment Supervision Board and DPR Commission IX on Tuesday (3/30/2021). He explained the latest financial conditions and the deficit of the old-age savings program (JHT).

Anggoro explained that in February 2021, the JHT program’s fund adequacy ratio (RKD) was 95.2 percent. The number hasn’t reached 100 percent since the last achievement in December 2017, with an RKD of 101 percent.

The existence of market risk in mutual fund instruments and stocks, the portion of which covers 23.8 percent of JHT’s investment value, is considered the cause of the RKD never reaching 100 percent. The management of BPJS Ketenagakerjaan also chooses a solution to adjust its investment portfolio.

“We see that the strategy can make changes from stocks and mutual funds to bonds or direct investment. So we will slowly rebuild existing assets to minimize the market risk presented as today,” Anggoro said on Tuesday (3/30/2021 ). ).

According to him, this strategy will reduce the weight of stocks and mutual fund instruments in JHT’s portfolio. However, this will also reduce the impact of Composite Stock Price Index (IHSG) fluctuations on BPJS Ketenagakerjaan funds.

Based on the documents obtained Business, BPJS Ketenagakerjaan’s investment composition as of January 2021 consists of 15.9 percent equity, 8.3 percent mutual fund, 63.1 percent bond, 12.2 percent deposit, 0.4 percent property, and 0.1 percent direct investment. . The agency placed equity investments in 34 issuers, 25 of which were LQ45 stocks and the remainder were included in the index when the purchase was made.

The following is a list of actions of BPJAMSOSTEK based on the documents obtained Business:

-AALI

-ADRO

-ANTM

-ASII

-BBCA

-BBNI

-BBRI

-BBTN

-BMRI

-BSDE

-GIAA

-ICBP

-EN CO

-INDF

-INTP

-ITMG

-JSMR

-KLBF

-KRAS

-LSIP

-PGAS

-PTBA

-PTPP

-FOOL

-SMGR

-SMRA

-CANS

-TLKM

-UNTR

-UNVR

-WIKA

-WSBP

-WSKT

-WTON

Anggoro also explained that another strategy to improve JHT’s investment portfolio is through intensive communication with issuers whose shares are in the BPJS Ketenagakerjaan portfolio and contribute to unrealized loss that is happening.

Based on the information obtained Business, At the beginning of this year, there were more than 20 BPJS Ketenagakerjaan shares that were still underperforming. However, the value has improved considerably compared to the 2020 position, along with the decreasing amount unrealized loss.

“[Kami akan jalin komunikasi] so that we know how the issuer’s strategy will be in the future, so that we know the prospects of the shares we own and take decision against these actions. Will we pull ourselves together immediately or can we wait until we see that it has prospects? Anggoro said.

He also stated that BPJS Ketenagakerjaan would rebalancing bond deposit portfolio. This is aimed at achieving optimal returns and maintaining short-term funding availability when the Job Loss Guarantee Program (JKP) begins in the near future.

“We also know that with the 7-day BI reverse repurchase rate of 3.5 percent, bank deposits are down as well, so this will go down. produce our portfolio. Then, because JKP will be launched in the near future, of course for the JKP program we allocate assets to shorter-term instruments, “he said.

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