Jakarta - PT Ashmore Asset Management Indonesia Tbk (AMOR) throughout 2021 recorded an increase in total managed funds by around 2% to Rp39.65 trillion.

"Cash inflows of Rp2.8 trillion and positive investment performance of Rp500 billion drove the growth," said Ashmore President Director Ronaldus Gandahusada in a statement in Jakarta on Monday (17/1).

He explained that the stock investment theme, in particular, experienced strong inflows of funds while growth in other products such as money market mutual funds benefited from the strategic collaboration with Bukalapak.

Indonesia's stock and bond markets posted a good performance in the last quarter of 2021.

"Despite the rapid spread of the new Omicron variant of COVID-19, the initial impact on asset prices from the emergence of the new variant is not as negative as the emergence of the previous variant because the effectiveness of vaccination and the capital market is support