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 MENCERMINKAN 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 Oktober 2017 IHSG pada bulan Oktober 2017menguat +1.78% dan ditutup di level 6,005.8. Sektor pertambangan dan sektor industry dasar dan kimia menjadi sektor pendorong bursa dengan penguatan sebesar +12.15% dan +9.74%, sedangkan sektor infrastruktur dan agrikultur men- catatkan pelemahan terbesar, yaitu -6.31% dan -1.39%. Di Wall Street, S&P 500 mencatatkan kenaikan sebesar +2.22% dan Dow Jones Industrial Average naik +4.34%. Indeks FTSE Asia Ex Ja- pan menguat 4.06% sementara indeks bursa saham global MSCI ACWI meningkat sebesar +2.00%. Salah satu kejadian yang patut dic- erma ECB yang mengurangi pembelian obligasi sebagai smulus. Pada bulan Oktober 2017, harga Minyak Mentah WTI naik +5.24%, sedangkan Brent juga naik 6.66%; masing-masing ditutup di level US$ 54.4/barel dan US$ 61.4/barel. Harga Minyak Kacang Kedelai naik 6.69% dan harga CPO juga naik +4.45%. Perkembangan harga komodi- tas lain: Emas -0.71%, Timah -6.46%, Tembaga +4.94%, Aluminum +3.14%, Batubara +2.72%, Jagung -2.67%, Gandum -6.64%, dan Ka- cang Kedelai +0.57%. Rupiah melemah -0.63% terhadap US$ dan ditutup di level 13,563/US$ pada Oktober 2017. Harga SUN turun seiring ngkat imbal hasil acuan SUN tenor 10 tahun naik 30.0 basis poin ke 6.7970% . Adapun kepemilikan asing di SBN bertambah menjadi Rp 800triliun; turun Rp 19 triliun dibandingkan posisi bulan lalu. Inflasi Oktober 2017 tercatat sebesar 0.01% m-m dan 3.58% y-y; di mana angka konsensus adalah 0.1% m-m dan 3.68% y-y. Neraca perdagangan bulan September 2017 surplus US$ 1,761 juta, lebih nggi dari perkiraan konsensus yang surplus US$1,257 juta; Ekspor dan impor naik masing-masing +15.60% y-y dan +13.13% y-y. October 2017 Review JCI traded +1.78% higher In October 2017 and was closed at 6,005.8. Mininge and basic industry and chemical were leading with +12.15% and +9.74% gains, respecvely. On the other hand, Infratructure and agriculture were the weakest sectors with -6.31% and - 1.39% loss last month. At Wall Street, S&P 500 went up +2.22% and Dow Jones Industrial Average also traded +4.34% higher. FTSE Asia Ex Japan rallied 4.06% meanwhile the global stock market index MSCI ACWI increased +2.00% gain. One of the most notable events in October 2017; ECB planned to reduce bond purchase program as a smulus. In October 2017, WTI and Brent Crude Oil price up +5.24%, Brent also increased +6.66%; closed at US$ 54.4/barrel and US$ 61.4/barrel, respecvely. Soybean Oil price up by +6.69% and CPO price also increased by +4.45%. Other commodies price changes: Gold -0.71%, Tin -6.46%, Copper +4.94%, Aluminum +3.14%, Coal +2.72%, Corn -2.67 %, Wheat -6.64%, and Soybean 0.57%. Rupiah depreciated -0.63% against US$ and was closed at 13,563/US$ on October 2017. Indonesia Government Bond price went down as the 10-year’s yield went up 30.0bps to 6.7970%. Foreign ownership in Indonesian government bonds rose to Rp 800 trillion, Rp 19 trillion lower than last month posion. October 2017 inflaon rate was recorded at 0.01% m-m and 3.58% y-y; consensus esmates were 0.1% m-m and 3.68% y-y. The Septem- ber 2017 trade balance was surplus of US$ 1,761 million was above consensus esmate of US$ 1,257 million surplus; Exports and imports went up +15.6% y-y and +13.13% 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 31-Oct-17 31-Oct-17 3.60% 6.30% 8.06% -5.33% -4.68% 10.07% 2.39% *Since incepon