印尼主权基金Danantara表态：若市场抛售时估值合适，不排除入市买入
雅加达——印度尼西亚主权基金Danantara的高管近日向路透社披露了迄今最详细的投资策略：该基金已在国内外股票和债券上投入约30亿美元，视市场情况可能在年底前再投10亿美元；若市场出现非基本面的恐慌抛售，不排除入市买入。相关采访于10月9日见报。
Danantara公共投资负责人拉尼·皮普特里（Rani Piputri）说：“如果市场出现危机，而我们判断这只是基于外部情绪的暂时现象，我们可能会入市。”她透露，基金自去年底以来已分批买入，包括今年1月指数公司MSCI警告可能将印尼从“新兴市场”降级为“前沿市场”后引发的大跌期间。“我们当时买入是因为看到了价值。目标不是稳定市场。当大家不喜欢某样资产而我们看到价值时，就能以好价格买到；等他们喜欢时再卖给他们。”MSCI将于下月公布评估结果，若降级触发进一步抛售，皮普特里称基金在估值合适时会考虑入场，但须先做尽职调查。
Danantara于2025年初设立，直接对普拉博沃总统负责，受托管理约9000亿美元的国有资产、涵盖约1000家公司，用其分红追求投资回报最大化。其公共投资组合目前约65%为股票、30%为固定收益、5%为对冲基金，约四分之一投在印尼国内。皮普特里形容基金对人工智能的敞口“审慎”：不认为AI是泡沫，但自认入场较晚，会保持谨慎。
另一个焦点是分红。Danantara投资管理母公司董事总经理帕哈拉·曼苏里（Pahala Mansury）说，前财长曾称Danantara今年将向政府上缴120万亿印尼盾（约67亿美元）分红，这笔钱也可能留存基金；目前与新任财长苏阿哈希尔的沟通显示，基金“仍能管理这笔分红”，但要等最终决定。他同时强调，Danantara没有稳定市场的法定职责，其行动不应被外国投资者视为市场干预，而应看作对金融深化和治理改善的贡献。印尼股市今年是全球表现最差的市场之一，基金的表态对投资者情绪因此格外敏感。
来源：据路透社2026年10月9日对Danantara高管的采访报道整理。
Indonesia's Sovereign Fund Danantara Says It Could Step In During Market Selloffs if Valuations Are Attractive
JAKARTA — Indonesia's sovereign fund Danantara would step into the local stock market in times of stress if it made investment sense, is cautiously buying AI exposure and may not need to remit returns immediately to the government, according to top executives interviewed by Reuters, in reports published October 9. The remarks offer some of the most detailed insights yet into strategy at an entity that spans public investing, private assets, Indonesia's state-owned enterprise portfolio and national commodity sales.
Danantara's public investment arm has put about $3 billion into foreign and domestic stocks and bonds and, depending on market conditions, plans to invest another $1 billion by year's end, said Rani Piputri, head of public investment at Danantara Investment Management. 'If there is crisis in the market, and we feel that it's just based on some external sentiments that are just very temporary ... then we might step in,' she said. The fund bought in tranches from late last year through the heavy selloff that followed index firm MSCI's January warning that it could cut Indonesia from 'emerging market' to 'frontier' status. 'We bought because we saw value. The goal was not to stabilise the market,' Piputri said. If a downgrade next month triggers further selling, stepping in is a possibility if it looks profitable, subject to due diligence.
Launched in early 2025 and answerable directly to President Prabowo Subianto, Danantara is mandated to manage about $900 billion of state assets across some 1,000 companies and use their dividends to maximise returns. Its public portfolio holds roughly 65 percent in equities, 30 percent in fixed income and 5 percent in hedge funds, with about a quarter of the book invested in Indonesia. Piputri described the fund's AI exposure as 'judicious': it does not see AI as a bubble, but, being a late entrant, it intends to be cautious.
Dividends are another focus. Pahala Mansury, managing director at Danantara Indonesia, said a 120 trillion rupiah ($6.7 billion) dividend that the previous finance minister had said Danantara would pay the government this year may be retained by the fund; talks with new Finance Minister Suahasil Nazara indicate the fund will still be able to manage the dividend, pending a final decision. He stressed Danantara has no explicit role in stabilising markets and that its actions should be read as contributing to financial deepening and better governance, not as market intervention. With Indonesian stocks among the world's worst performers this year, the fund's signals carry unusual weight for investor sentiment.
Source: Compiled from Reuters interviews with Danantara executives, published October 9, 2026.
图片来源：图：雅加达市中心天际线与国家纪念碑。摄影：Gunawan Kartapranata，CC BY-SA 3.0，来源：Wikimedia Commons
