Who We Are

PT FWD Asset Management, previously known as PT First State Investments Indonesia, is an asset management business committed to delivering high quality investment solutions for our clients. We employ professional investment managers who share our core values and processes, operating within a rigorous risk and corporate governance framework.

About PT FWD Asset Management

PT FWD Asset Management (“FWD Asset Management”) is an asset management business, with extensive experience in the Indonesian asset management industry, registered and supervised by Otoritas Jasa Keuangan (“OJK”). We obtained our license from OJK (previously Bapepam-LK) in December 2003 and have been operating since February 2004.
With expertise across a range of assets and specialist sectors, our approach to investment is driven by a commitment to provide the best possible outcomes over the long term upholding a code of ethics which ensure we always act in our clients’ best interests.


FWD Asset Management currently manages over IDR 2,821 billion* in domestic mutual funds and discrete portfolios.

On 4 June 2020, PT FWD Life Indonesia (“FWD Life”) successfully acquired PT Commonwealth Life (“PTCL”), the controlling shareholder of FSII. All entities are part of FWD Group (“FWD”).

Established in Asia in 2013, FWD is the insurance business of investment group, Pacific Century Group. Pacific Century Group (PCG) is an Asia-based private investment group established in 1993 with interests across three core business pillars – Technology, Media & Telecommunications (TMT), Financial Services and Property. PCG has demonstrated a strong track record of successful investing and has created a long-term sustainable network in Asia and across its core business pillars.

* Figures correct as of 29 May 2020

Investment in Mutual Funds contains risks. Prospective investors should read and understand the contents of the prospectus before deciding to invest. Past performance does not reflect and cannot guarantee future performance. Net Asset Value (NAV) of each mutual fund and the performance of the Fund may go up and down, there is the possibility that the value of investments earned is less than the initial value of the investment.

If you need more information about this product, please contact us or our Mutual Fund Sales Agent.