Indonesia's $48 Billion Social Security Fund Eyes Doubling Equities Exposure

BPJS KETENAGAKERJAAN - JAKARTA. Indonesia's $48 billion social security fund BPJS Ketenagakerjaan, the country's largest institutional investor, aims to raise the share of local equities in its portfolio to up to 20% within three years, a top official told Reuters on Friday.

Asked about this week's local stock market tumble following the global turmoil caused by U.S. tariffs, Edwin Ridwan, the agency's director of investment development, said it had created room for the fund to invest in undervalued shares.