DISCLAIMER Factsheet ini disajikan oleh PT Samuel Aset Manajemen hanya untuk tujuan informasi. Dalam kondisi apapun factsheet ini dak dapat digunakan atau dijadikan dasar sebagai penawaran menjual atau penawaran membeli. Factsheet ini dibuat secara bebas dan berdasarkan perkiraan, pendapat serta harapan yang terdapat didalamnya seluruhnya menjadi milik PT Samuel Aset Manajemen. Sepanjang diketahui bahwa informasi yang terdapat dalam laporan dimaksud adalah benar atau dak menyesatkan pada saat disajikan, PT Samuel Aset Manajemen dak menjamin keakuratan atau kelengkapan dari laporan yang didasarkan pada kondisi tersebut. PT Samuel Aset Manajemen maupun officer atau karyawannya dak bertanggung jawab apapun terhadap seap kerugian yang langsung maupun dak langsung sebagai akibat dari seap penggunaan factsheet ini. Seluruh format angka dalam factsheet ini disajikan dalam format Bahasa Inggris. This Factsheet is represented by PT Samuel Aset Manajemen for informaon purpose only. Under no circumstances is it to be used or considered as an offer to sell or a solicitaon of any offer to buy. This Factsheet has been produce independently and the forecast, opinions and expectaons contained herein are enrely those of PT Samuel Aset Manajemen. While all reasonable care has been taken to ensure that informaons contained herein is not untrue or misleading at the me of publicaon, PT Samuel Aset Manajemen makes no representaons as to its accuracy or completeness and it should be relied upon as such. Neither PT Samuel Aset Manajemen nor any officer or employee of PT Samuel Aset Manajemen accepts only liability whatsoever for any direct or consequenal loss arising from any use of this factsheet. All the numbers presented in this factsheet are in English format. DOKUMEN INI BERISI INFORMASI YANG HANYA BERGUNA BAGI PENERIMA YANG BERKEPENTINGAN. INVESTASI MELALUI REKSA DANA MENGANDUNG RISIKO. CALON INVESTOR WAJIB MEMBACA DAN MEMAHAMI PROSPEKTUS DAN TATA CARA BERTRANSAKSI SEBELUM BERINVESTASI MELALUI REKSA DANA. KINERJA MASA LALU TIDAK MENCERMIN KAN KINERJA MASA DATANG. THIS DOCUMENT CONTAINS INFORMATION THAT ONLY USEFUL FOR BENEFICIARY CONCERNED. MUTUAL FUNDS INVESTMENT RISKS INCLUDE. PROSPEC TIVE INVESTORS MUST READ AND UNDERSTAND THE PROSPECTUS AND PROCEDURES FOR TRADING BEFORE INVESTING IN MUTUAL FUNDS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE PERFORMANCE. Review Januari 2018 IHSG pada bulan Januari 2018 menguat +3.93% dan ditutup di level 6,575.5. Sektor mining dan sektor industry dasar dan kimia menjadi sektor pendorong bursa dengan penguatan sebesar +24.97% dan +11.51%, sedangkan sektor infrastruktur mencatatkan pelemahan terbesar, yaitu –1.79%. Di Wall Street, S&P 500 mencatatkan kenaikan sebesar +5.62% dan Dow Jones Industrial Average naik +5.79%. Indeks FTSE Asia Ex Japan menguat +6.44% sementara indeks bursa saham global MSCI ACWI meningkat sebesar +5.59%. Salah satu kejadian yang patut dicerma adalah The Fed yang cenderung hawkish berencana untuk menaikan ngkat suku bunga sekitar 3 kali di tahun ini. Pada bulan Januari 2017, harga Minyak Mentah WTI naik +7.13%, sedangkan Brent juga naik 3.26%; masing-masing di- tutup di level US$ 64.7/barel dan US$ 69.1/barel. Harga Minyak Kacang Kedelai turun -0.03% dan harga CPO juga turun - 0.44%. Perkembangan harga komoditas lain: Emas +3.27%, Timah +8.23%, Tembaga -3.18%, Aluminum -1.54%, Batubara +3.52%, Jagung +3.06%, Gandum +5.80%, dan Kacang Kedelai +4.62%. Rupiah menguat +1.25% terhadap US$ dan ditutup di level 13,386/US$ pada Januari 2018. Harga SUN naik seiring ngkat imbal hasil acuan SUN tenor 10 tahun turun 5.2 basis poin ke 6.2670% . Adapun kepemilikan asing di SBN bertambah menjadi Rp 872 triliun; lebih nggi Rp 36 triliun dibandingkan posisi bulan lalu. Inflasi Januari 2018 tercatat sebesar 0.62% m-m dan 3.25% y-y; di mana angka konsensus adalah 0.70% m-m dan 3.33% y -y. Neraca perdagangan bulan Desember 2017 defisit US$ 270 juta, lebih rendah dari perkiraan konsensus yang surplus US$579 juta; Ekspor dan impor naik masing-masing +6.93% y-y dan +17.83% y-y. January 2018 Review JCI traded +3.93% higher In January 2018 and was closed at 6,575.5. Mining and Basic Industry and Chemical sector were leading with +24.97% and +11.51% gains, respecvely. On the other hand, Infrastructure was the weakest sector with -1.79% loss last month. At Wall Street, S&P 500 went up +5.62% and Dow Jones Industrial Average also traded +5.79% higher. FTSE Asia Ex Japan increased +6.44% meanwhile the global stock market index MSCI ACWI increased +5.59% gain. One of the most notable events in January 2018, The fed is hawkish and plan to increase the rate 3 mes this year. In January 2018, WTI and Brent Crude Oil price up +7.13%, Brent also increased +3.26%; closed at US$ 64.7/barrel and US$ 69.1/barrel, respecvely. Soybean Oil price fell -0.03% and CPO price also down -0.44%. Other commodies price changes: Gold +3.27%, Tin +8.23%, Copper -3.18%, Aluminum -1.54%, Coal +3.52%, Corn +3.06%, Wheat +5.80%, and Soybean +4.62%. Rupiah appreciated +1.25% against US$ and was closed at 13,386/US$ on January 2018. Indonesia Government Bond price went up as the 10-year’s yield went down 5.2 bps to 6.267%. Foreign ownership in Indonesian government bonds rose to Rp 872 trillion, Rp 36 trillion higher than last month posion. January 2017 inflaon rate was recorded at 0.62% m-m and 3.25% y-y; consensus esmates were 0.70% m-m and 3.33% y-y. The Decem- ber 2017 trade balance was deficit of US$ 270 million was below consensus esmate of US$ 579 million surplus; Exports and imports went up +6.93% y-y and +17.83% y-y, respecvely. MARKET COMMENTARY Office: Menara Imperium GF | Jl. HR. Rasuna Said Kav 1 Jakarta 12980 | T. 021 - 28548 800/ 169 | F. 021 - 8370 3278/ 8317 315 | E. [email protected] | www.sam.co.id Return YTD as of Fact Sheet *Since incepon 31-Jan-18 31-Jan-18 17.57% 11.55% 7.37% 0.46% 9.34% 6.19% 13.88% *