Indonesian pension fund assets rose 2.3% through the first five months of 2025 on the back of gains in bonds and other safe haven assets.
The pension fund industry’s assets as of end-May were 388.87 trillion rupiah (US$23.85 billion), up from 380.14 trillion rupiah at the end of last year, according to new figures published on the website of the Financial Services Authority of Indonesia.
The regulator typically posts the data without providing analysis, but the greater exposure to safe haven assets came during a period of challenges, including wide-ranging US tariffs on imports.
Sovereign bond assets were up 2.42% to 139.99 trillion rupiah, assets in time deposits rose 6% to 92.12 trillion rupiah, and assets in Islamic bonds or sukuk jumped 9.02% to 7.05 trillion rupiah.
Meanwhile, assets in stocks fell 2.17% to 24.3 trillion rupiah.
