Opportunity to Add Asset Class Micro E-mini Nasdaq 100 Index Futures

Platform wealthtech Pluang adds to the Micro E-mini Nasdaq 100 Index Futures investment asset class, a derivative futures product traded on the Chicago Merchantile Exchange (CME). This investment product complements the range of asset classes available in Pluang, ranging from gold, mutual funds, crypto assets, and the released Micro E-mini S&P Index Futures. in November 2020.

Pluang Co-Founder Richard Chua explained, the Nasdaq 100 Index is an index that tracks the stock performance of the 100 largest non-financial companies on the Nasdaq exchange and is dominated by leading global technology companies. The Nasdaq 100 currently has a stock market capitalization of $15 trillion.

“Many of our customers already know the brands of tech companies such as Microsoft (MSFT), Facebook (FB), Amazon (AMZN), Apple (AAPL), and Alphabet (GOOG/GOOGL). They are already familiar with their product, brand and business model. Our Nasdaq 100 Index product now allows investors to invest directly into it," he explained in an official statement, Monday (20/9).

Presence Plz Nasdaq 100 opens opportunities for investors who want to invest in company shares concentrated in the technology sector. The performance of the Nasdaq 100 and the S&P 500 can also be compared to each other.

In the same period, the value of the Nasdaq has increased by 88,4%, far outperforming the performance of the S&P 500 index. One of the triggering factors is the increase in the income of technology companies as the demand for technology products increases during the pandemic.

“The Nasdaq 100 exposure provides important diversification for all Indonesian investors as it consists of 102 shares issued by the 100 largest non-financial companies listed on the Nasdaq stock market. Instead of buying individual US stocks, this index helps you to automatically diversify your portfolio.”

All transactions for the Micro E-Mini Nasdaq 100 Index Futures product in the Pluang application are regulated and supervised by the Commodity Futures Trading Regulatory Agency (CoFTRA), the same as the Micro E-Mini S&P 500 Index Futures product in Pluang.

Pluang App, through PT PG Berjangka, previously had a permit for the Distribution of Customer Mandates to Foreign Exchanges (PALN) from BAPPEBTI. Namely, the authority to offer contracts and channel customer orders for these contracts using the system provided by the exchange.

Investors can buy Micro E-mini Nasdaq 100 Index Futures in Pluang both in Rupiah and US Dollars in the wallet in the Pluang Application. Since Pluang offers the Nasdaq 100 index in the form of Micro E-mini Nasdaq 100 Index Futures, investors can start investing in the range of IDR 300.000. This can help users to invest in the US stock market as well as diversify their portfolios with easy access and affordable prices.

In addition to Pluang, investment application players have begun to expand their asset classes to various portfolios so that more users will have access to investments. Here's the list:

Opportunity wealthtech platform still broad in reaching new users. This is because only 2% of the total productive age population in Indonesia has access to investment products in the capital market. With details, the number of SID is 5,6 million investors as of June 2021, while crypto investors reach 6,5 million people. as of May 2021.