NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED
DECEMBER 31, 2015 Expressed in Rupiah, except Number of
Outstanding Investment Units
51
23. TUJUAN DAN KEBIJAKAN MANAJEMEN PERMODALAN DAN RISIKO KEUANGAN
lanjutan
23. OBJECTIVES AND POLICIES OF CAPITAL RISK MANAGEMENT AND FINANCIAL
RISK continued
Manajemen Risiko Keuangan lanjutan Financial Risk Management continued
Pengawasan aktif Direksi terhadap aktivitas manajemen risiko tertuang dalam Standard
Operation Procedures - Company Risk Management, dimana Direksi bekerja sama
dengan koordinator Divisi Compliance dan Risk
Management menelaah
dan memperbaharui strategi manajemen risiko.
Koordinator Divisi Compliance dan Risk Management bekerja sama dengan divisi-
divisi lain melaksanakan aktivitas pengelolaan risiko yang dihadapi oleh Reksa Dana.
Active supervision of the Board of Directors on risk management activities contained in
the Standard
Operation Procedures
- Company Risk Management, where the the
Board of Directors in cooperation with the coordinator
of Compliance
and Risk
Management reviewing and updating the risk management
strategy. Coordinator
of Compliance
and Risk Management in
cooperation with other divisions implementing risk management activities faced by the
Mutual Fund.
Risiko Perubahan Kondisi Ekonomi dan Politik
Changes in Economic and Political
Condition Risk
Perubahan kondisi ekonomi di luar negeri sangat memengaruhi kondisi ekonomi di
Indonesia karena Indonesia menganut sistem perekonomian terbuka. Demikian pula
perubahan kondisi ekonomi dan politik di Indonesia
sangat memengaruhi
kinerja perusahaan-perusahaan baik yang tercatat
pada bursa efek maupun perusahaan yang menerbitkan instrumen pasar uang, yang
pada akhirnya memengaruhi nilai saham maupun
instrumen pasar
uang yang
diterbitkan perusahaan-perusahaan tersebut. Changes in economic conditions abroad are
very affect the economic condition in Indonesia because Indonesia is adopting an
open economic system. Similarly, changes in economic and political conditions in Indonesia
is very affect the performance of the companies, which are recorded on the stock
exchanges and companies that issued money market instruments, which in turn affect the
value
of stocks
and money
market instruments issued by these companies.
Risiko Berkurangnya
Nilai Unit
Penyertaan Reduced Risk of Value Units
Nilai aset neto Reksa Dana dapat menurun disebabkan oleh perubahan harga dari efek
dalam portofolio Reksa Dana. Net asset value of Mutual Fund may decrease
due to changes in the price of securities in the portfolio of the Mutual Fund.
Risiko Likuiditas Liquidity Risk
Penjualan kembali pelunasan tergantung kepada
likuiditas dari
portofolio atau
kemampuan dari Manajer Investasi untuk membeli
kembali melunasi
dengan menyediakan uang tunai. Apabila seluruh atau
sebagian besar pemegang unit penyertaan secara serentak melakukan penjualan kembali
kepada Manajer Investasi, maka hal ini dapat menyebabkan Manajer Investasi tidak mampu
menyediakan uang tunai seketika untuk melunasi penjualan kembali unit penyertaan
tersebut. Resale redemption depends on the liquidity
of the portfolio or the ability of Investment Manager to redemp settle by providing cash.
If all or most of unitholders simultaneously sell back to the Investment Manager, then this
may cause the Investment Manager is not able to provide immediate cash to pay off the
resale of the investment units.
