Indonesian regulators are planning to raise foreign investment limits for the country’s $50 billion mutual-fund sector, potentially allowing local funds to allocate more than half of their cash to overseas markets.
The Financial Services Authority has approved a proposal filed by a local industry group and its next step will be drawing up new regulations for the sector, Aliyahdin Saugi, president director of PT Allianz Global Investors Asset Management Indonesia, said in a Bloomberg forum in Jakarta on Tuesday evening. That may happen next year, he said.