Unaffected by Global Recession Threat, DBS Vickers Acquires 5.9 Percent Shares of PT Indosterling Technomedia

The stable and dynamic performance of TECH's shares in local exchange trading has made it included in the S&P Emerging BMI Index so that State Street Global Advisors (SSGA) trades TECH in the form of $2 billion group ETFs (SPEM) and groups under $2 billion (EWX).

ETF is a type of mutual fund whose performance refers to a certain index and is traded like a stock on an exchange whose movements can be observed.

SSGA is the investment management division of State Street Corporation which is the fourth largest asset manager in the world. In the end of 2021, SSGA managed nearly US$4.14 trillion in assets.

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