/2025/07/30/463537256p.jpg)
EXCHANGE TRADED FUND (ETF) - JAKARTA. BRI Manajemen Investasi (BRI-MI) is currently preparing what is set to become the first Gold Exchange Traded Fund (Gold ETF) in Indonesia.
The initiative aims to broaden the range of commodity-based investment instruments while capturing rising investor interest in gold as a safe-haven asset.
The development of the Gold ETF is carried out in collaboration with three strategic partners: PT Pegadaian, PT Bank CIMB Niaga Tbk (CIMB Niaga), and PT Mandiri Sekuritas.
Read Also: GLOBAL MARKETS-Stocks Rise, Bonds and Bitcoin Regain Some Footing
Under this partnership structure, BRI-MI will act as the Investment Manager of the Gold ETF, Pegadaian will provide and safeguard the physical gold, CIMB Niaga will serve as Custodian Bank, and Mandiri Sekuritas will act as Dealer Participant.
This strategic collaboration forms an integrated investment service chain, from gold provision and management to safekeeping and market trading mechanisms.
The memorandum of understanding (MoU) signing event was also witnessed by Ignatius Denny Wicaksono, Head of Business Development Division 2 at the Indonesia Stock Exchange (IDX); Aditya Kresna Priambudi, Head of Business Research and Development Division at PT Kustodian Sentral Efek Indonesia (KSEI); and I Dewa Gede Agung, Group Head of Subsidiary Management at PT Bank Rakyat Indonesia (Persero) Tbk.
BRI-MI President Director Tina Meilina stated that the ongoing rise in gold prices should be seen as an opportunity for all market players, particularly investment managers.
“We believe this upward momentum in gold prices must be optimally harnessed by market players, especially investment managers. The development of this product not only marks a historical milestone for establishing a new investment instrument in the capital market but also supports financial literacy and inclusion by offering a product backed by an underlying asset like gold that is familiar to the public,” Tina said.
Read Also: Australia Pushes Pension Funds Toward Indonesia as Danantara Emerges as Key Magnet
Tina also added that the involvement of Pegadaian, CIMB Niaga, and Mandiri Sekuritas provides a solid foundation for ensuring the readiness of the Gold ETF.
“The Gold ETF offers investors a new way to gain exposure to gold through an exchange-based mechanism. With the support of Pegadaian, CIMB Niaga, and Mandiri Sekuritas, this becomes Indonesia’s first Gold ETF structure developed and strengthened by the combined ecosystems of these institutions,” she noted.
The upcoming Gold ETF by BRI-MI will feature several advantages not found in conventional gold instruments, including real-time pricing during trading hours, more competitive spreads, fully digital transactions, and professional management by an investment manager and custodian bank.
Gold ETF as an Inclusive and Sustainable Instrument for Indonesian Investors
During the MoU event, representatives from each partner company expressed optimism about the Gold ETF’s potential as an inclusive and sustainable investment offering for Indonesian investors.
Selfie Dewiyanti, Director of Marketing, Sales, and Product Development at PT Pegadaian, emphasized that gold has long been a familiar investment asset among the public.
Read Also: Bank Indonesia Will Bring Rupiah to Trade at 16,500 per Dollar Next Year
“As Indonesia’s Bullion Bank, PT Pegadaian fully supports BRI-MI’s initiative to strengthen the national gold ecosystem. We welcome this step by BRI Manajemen Investasi as a pioneer in advancing the establishment of a Gold ETF in Indonesia,” she said.
Echoing this sentiment, CIMB Niaga Banking Business Director Rusly Johannes highlighted the market relevance of the Gold ETF.
“We are proud to be part of this strategic collaboration in developing the Gold ETF. With our banking network and capabilities, CIMB Niaga is ready to promote both literacy and distribution to ensure the product becomes accessible to a wide range of customers,” he said.
Mandiri Sekuritas President Director Oki Ramadhana also noted the strong demand for a gold-based ETF in the domestic market.
“We view the Gold ETF as an instrument that can support the growth of the capital market industry while expanding public access to efficient and reliable investment products,” he stated.
Read Also: Main Character in Sydney! From Cozy Coffee at The Rocks to Chill Vibes in Manly
BRI-MI and its strategic partners are currently coordinating with regulators and Self-Regulatory Organizations (SROs) to ensure technical readiness and robust governance ahead of the product launch.
