A Fondness for Mutual Funds

Launched just seven years ago in 1996, mutual funds did not find favor in Indonesia until 2002 when popularity began to sharply grow. Tony, an employee at a foreign oil company, last year began to invest in mutual funds. Slowly but surely, he transferred his money into mutual funds in anticipation of declining deposit interest rates, a safe investment option offering higher profits and tax exemptions.

A further advantage offered by mutual f

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