L'intérêt à découvert pour iShares MSCI Indonesia ETF donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de iShares MSCI Indonesia ETF. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

iShares MSCI Indonesia ETF (ARCA:EIDO), Rapport sur les intérêts à découvert

iShares MSCI Indonesia ETF

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The fund generally will invest at least 90% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The index is designed to measure the performance of the large-, mid- and small-capitalization segments of the Indonesian equity market. The fund is non-diversified.

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Eidoo - United States Dollar

Indonesia has tapped Bridgewater Associates&#8217; Ray Dalio and economist Jeffrey Sachs to advise its new sovereign wealth fund amid concerns about its governance. Indonesia&#8217;s stock market has <a href="https://www.benzinga.com/quote/EIDO/news">tumbled in recent months</a>.
What Happened: The Southeast Asian country&#8217;s wealth fund, Danantara, appointed the two Americans as advisors on Monday, <a href="https://www.ft.com/content/d90a401b-d086-44a9-b00a-adf46f00f450">according</a> to the Financial Times.
Investors are reportedly concerned that the fund&#8217;s direct control by President Prabowo Subianto could jeopardize the fund&#8217;s integrity from political interference and transparency. Danantara consolidates state-owned banking, energy and telecom enterprises, worth $900 billion, aiming to invest $20 billion in minerals, AI, energy and food.
Why it Matters: Many of Indonesia&#8217;s largest state-owned enterprises are publicly owned. Investor concerns over governance have contributed to a more than 12% decline in the iShares MSCI Indonesia ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIDO#NYSE">EIDO</a>) since Danantara's announcement in late February.
Dalio, founder of Bridgewater Associates, has long focused his fund on an <a href="https://www.benzinga.com/news/25/03/44275192/perhaps-ray-dalio-has-different-data-but-grok-thinks-elon-musk-publicly-corrects-the-legendary-investor-over">analysis of macroeconomic factors</a>. He is particularly interested in country debt and has recently <a href="https://www.benzinga.com/25/03/44345022/ray-dalio-has-a-chilling-warning-for-president-trump-debt-crisis-is-imminent-and-an-issue-of-paramount-importance">repeatedly warned countries</a> about the side effects of carrying a large debt load. Dalio, who built Bridgewater into one of the world&#8217;s largest hedge funds, is an intriguing choice given investor concerns about transparency.
Sachs, a professor at Columbia University, is notable for his continued support of <a href="https://www.benzinga.com/news/24/07/39668775/economist-slams-us-policies-to-contain-china-bringing-nations-close-to-war">expanding relations with China</a>. Dalio has previously urged investors to pay close attention to the country as <a href="https://www.benzinga.com/general/market-summary/25/03/44273552/ray-dalio-says-china-is-way-ahead-in-ai-and-robotics-us-lags-in-mass-production">a worthy rival</a> to the U.S. Their appointments come at a time when both China and the U.S. are <a href="https://www.benzinga.com/news/24/04/38042602/china-outranks-us-as-preferred-ally-in-southeast-asia-survey">vying for greater influence</a> in Southeast Asia, making their roles in shaping Danantara&#8217;s strategy even more significant.
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iShares MSCI Indonesia Investable Market Index Fund

EIDO

Ray Dalio, Jeffrey Sachs Tapped To Advise Indonesian Sovereign Wealth Fund During Economic Fallout

Legal

GOOG

GOOGL

Indonesia Antitrust Agency Says It Has Fined Google About $12.37M For Unfair Business Practices

The World Bank's Global Economic Prospects report, released Thursday, highlights a fragile outlook as inflation, trade disruptions, geopolitical tensions and policy uncertainty weigh on momentum.
The global economy is expected to stay stuck at 2.7% growth in 2025-&#8217;26, a pace too weak to <a href="https://www.benzinga.com/news/econ-s">drive real economic progress.</a>
Emerging markets, which power 60% of global expansion, are no longer closing the gap with advanced economies as quickly as they once did. 
Yet, some are bucking the trend, with a few poised to grow above 5%, offering rare opportunities for investors in an otherwise sluggish environment.
<h1 class="wp-block-heading">Argentina's Rebound Under Milei's Reforms</h1>
Argentina's economy is staging a comeback, with GDP expected to expand 5% in 2025 and 4.7% in 2026. This sharp rebound follows two years of contraction, driven by a steep currency devaluation and trade imbalances.
"Argentina has seen significant improvements in activity in commodity-related sectors, including agriculture, energy and mining," the World Bank said in its report. The country's trade surplus has also grown, helped by a sharp drop in imports following the peso's depreciation.
President Javier Milei's sweeping economic reforms — focused on slashing government spending, deregulating industries, and stabilizing inflation — are beginning to take hold.
Investor confidence is returning, fueling a 78% surge in the Global X Argentina ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARGT#NYSE">ARGT</a>) over the past year. 
The fund has already attracted more than $700 million in inflows since mid-January 2024.
<h1 class="wp-block-heading">Indonesia: Stable Growth At 5.1%</h1>
Indonesia, Southeast Asia's largest economy, is expected to grow 5.1% in 2025, supported by strong domestic consumption and exports of palm oil, coal, and other commodities.
Despite solid economic growth, the iShares MSCI Indonesia ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIDO#NYSE">EIDO</a>) has struggled, posting a 14% decline over the past year. 
This weakness reflects concerns over global commodity demand and capital outflows from emerging markets.
<h1 class="wp-block-heading">Philippines: A 6.1% Expansion Fueled By Services</h1>
The Philippines is on track for 6.1% GDP growth in 2025, according to the World Bank. This growth is fueled by its booming services sector, particularly business process outsourcing and remittances from overseas workers. 
Government-backed infrastructure spending is also providing a lift.
Yet, the iShares MSCI Philippines ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPHE#NYSE">EPHE</a>) has underperformed, slipping 4.6% in the past year. 
<h1 class="wp-block-heading">Vietnam's Manufacturing Strength</h1>
Vietnam is expected to be one of the fastest-growing economies in 2025, with a projected 6.6% expansion. 
"Vietnam's growth spell was both transformative and inclusive," the World Bank said, noting the country ranks among the top emerging markets in achieving sustainable development goals.
The manufacturing sector remains the backbone of Vietnam's economy, benefiting from foreign direct investment and a shift in global supply chains away from China. 
However, the VanEck Vietnam ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNM#NYSE">VNM</a>) has struggled, dropping 11% over the past year, reflecting broader volatility in emerging markets and China&#8217;s economic slowdown.
<h1 class="wp-block-heading">India: The Growth Powerhouse</h1>
India, the world's fastest-growing major economy, is expected to expand 6.7% in 2025. Though slower than the 8.2% growth recorded in 2023, the country's economic engine remains strong, powered by resilient consumer spending and steady services activity.
Higher inflation and slower credit expansion have dampened urban consumption, but long-term fundamentals remain intact. 
The iShares MSCI India ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/INDA#BATS">INDA</a>) gained 4% over the past year, outperforming many other emerging market funds.
Investors continue to back India's growth story, with over $800 million of inflows over the past year.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Total Return (3М)</td>
<td>Total Return (YTD)</td>
<td>Total Return (1Y)</td>
<td>Total Return (5Y)</td>
<td>Total Return (2024)</td>
<td>Total Return (2023)</td>
<td>Fund flows (1 Year) – USD mn</td>
</tr>
<tr>
<td>Global X Argentina ETF</td>
<td>24.86%</td>
<td>4.84%</td>
<td>78.24%</td>
<td>252.05%</td>
<td>63.46%</td>
<td>53.64%</td>
<td>727.51</td>
</tr>
<tr>
<td>VanEck Vietnam ETF</td>
<td>-8.47%</td>
<td>-1.61%</td>
<td>-11.41%</td>
<td>-24.27%</td>
<td>-11.15%</td>
<td>15.01%</td>
<td>-71.93</td>
</tr>
<tr>
<td>iShares MSCI India ETF</td>
<td>-9.87%</td>
<td>-3.02%</td>
<td>4.09%</td>
<td>53.12%</td>
<td>8.63%</td>
<td>17.16%</td>
<td>867.22</td>
</tr>
<tr>
<td>iShares MSCI Philippines ETF</td>
<td>-14.24%</td>
<td>-1.96%</td>
<td>-4.66%</td>
<td>-20.87%</td>
<td>-1.41%</td>
<td>1.27%</td>
<td>-0.32</td>
</tr>
<tr>
<td>iShares MSCI Indonesia</td>
<td>-16.02%</td>
<td>-0.65%</td>
<td>-14.01%</td>
<td>-20.57%</td>
<td>-13.02%</td>
<td>2.56%</td>
<td>-98.18</td>
</tr>
</tbody>
</table>
</figure>

Sector ETFs

Emerging Market ETFs

ETFs

ARGT

ISHARES MSCI PHILIPPINES INVESTABLE MARKET INDEX FUND

EPHE

INDA

Five Emerging Economies Poised For 5% Growth In 2025: Should You Buy These ETFs?

<a href="https://blog.google/products/google-tv/google-tv-home-ai-sports-features/" title="https://blog.google/products/google-tv/google-tv-home-ai-sports-features/">https://blog.google/products/google-tv/google-tv-home-ai-sports-features/</a>

iShares MSCI Thailand Investable Market Index Fund

Google TV Expands Device Selection With New Streamers, Art TVs, And Smart Projectors, Now Available In More Countries Including Thailand, Indonesia, Vietnam, And The Philippines, Reaching 270M Monthly Active Devices

At the Gaikindo Indonesia International Auto Show (GIIAS) 2024, VinFast officially delivered the first VF e34 C-SUVs to customers in Indonesia,&nbsp;After the event, the VF e34 has a price of IDR408,200,000(battery included) and IDR314,000,000(battery subscription), and the VF 5 has a price of 310,000,000 IDR (battery included) and 241,800,000 IDR (battery subscription) (On The Road Jakarta).

VinFast Delivers First Batch of VF e34 in Indonesia

-Reuters Cited&nbsp;&nbsp;Indonesia&#39;s Communication Ministry

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<a href="https://www.reuters.com/technology/tiktok-youtube-meta-eye-indonesia-e-commerce-licenses-sources-2023-10-26/" title="https://www.reuters.com/technology/tiktok-youtube-meta-eye-indonesia-e-commerce-licenses-sources-2023-10-26/">https://www.reuters.com/technology/tiktok-youtube-meta-eye-indonesia-e-commerce-licenses-sources-2023-10-26/</a>

Reuters Reported TikTok, YouTube, Meta Eye Indonesia e-Commerce Licenses

<a href="https://www.thoughtfulmedia.com/en/">Thoughtful Media Group Inc</a>&nbsp;("Thoughtful Media" or "TMG"), the Thailand-based social commerce-focused, premium digital advertising network of&nbsp;<a href="http://thesocietypass.com/">Society Pass Incorporated</a>&nbsp;("SoPa") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOPA#NASDAQ">SOPA</a>), Southeast Asia's (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces that it will commence sponsoring local live music events in SEA, resulting in creating unique marketing opportunities for advertisers.
Expected to launch its first concert in 4Q 2023 in Jakarta, Indonesia, TMG-sponsored concerts will focus on the local musicians with a tag line of "Lemburan", which translates as "over-time", aiming to create a distinctive space and time for music fans to gather and to enjoy the nostalgia of their favourite musicians. Streaming these concerts via TMG-affiliated social media channels, advertisers have the opportunity to collaborate with TMG-connected influencers in promoting these popular music events and reaching to their desired audiences.
Ilhamka Nizam, TMG Indonesia Country Head, explains, "Indonesians love music, and it comes as no surprise that TMG found an innovative way to tap into that expanding market segment. Across these live events, TMG aims to reach over 2.5 million over the course of the next year which will create significant sponsorship opportunities for advertisers and our 10,000-member influencer community here in Indonesia. We are planning to host 1 concert each month and is projected to earn $680K annually, and each year we are planning to host 1 big festival that is outside the monthly concerts we will be hosting. I am confident that over 2024, the Group will expand these initiatives across the rest of the TMG markets in Southeast Asia, significantly increasing the revenues for the Group".

SOPA

Society Pass Inc/Thoughtful Media Group Inc Ventures Into Concert Sponsoring In Indonesia; Developing A Revenue Stream And Creating Marketing Opportunities For Advertisers

<a href="https://www.bloomberg.com/news/articles/2023-09-06/tesla-unlikely-to-pursue-indonesia-plant-soon-panjaitan-says?srnd=all&amp;sref=y3YMCJ4e" title="https://www.bloomberg.com/news/articles/2023-09-06/tesla-unlikely-to-pursue-indonesia-plant-soon-panjaitan-says?srnd=all&amp;sref=y3YMCJ4e">https://www.bloomberg.com/news/articles/2023-09-06/tesla-unlikely-to-pursue-indonesia-plant-soon-panjaitan-says?srnd=all&amp;sref=y3YMCJ4e</a>

TSLA

Bloomberg Reported Earlier, Tesla Unlikely to Pursue Indonesia Plant Soon After Coordinating Minister Luhut Panjaitan Met With Elon Musk Last Month

Earthquake Of Magnitude 6.9 Strikes Bali Sea, Indonesia

Global economic order sees potential disruption as dozens of countries are eyeing membership in BRICS, a collective of Brazil, Russia, India, China and South Africa. This group, positioned as a counterbalance to Western dominance, is convening in Johannesburg this week, sparking <a href="https://www.benzinga.com/topic/brics">speculations about new entrants.</a>
<h3 class="wp-block-heading">Potential Entrants: Economic Powerhouses and Diplomatic Maneuvers</h3>
Several nations are on the radar for BRICS membership, with Argentina, Egypt, Indonesia and Saudi Arabia at the forefront, as the <a href="https://www.nytimes.com/2023/08/23/world/asia/brics-nations-new-members-expansion.html">New York Times</a> reports. Iran&#8217;s interest is also notable. 
China&#8217;s push for expansion finds favor with Xi Jinping, while India&#8217;s Narendra Modi exercises more caution due to geopolitical dynamics.
The group of the five nations currently represent 40% of the global population and over a quarter of the world&#8217;s GDP. 
<h2 class="wp-block-heading">Insights into Prominent Contenders</h2>
<h3 class="wp-block-heading">Saudi Arabia: Oil Giant&#8217;s Pivot and Growing Ties</h3>
BRICS inclusion for Saudi Arabia, a top oil producer, could reshape the group&#8217;s financial influence. Despite strong U.S. ties, recent moves like cutting oil production and restoring diplomatic relations with Iran underscore Saudi Arabia&#8217;s pursuit of strategic autonomy.
<h3 class="wp-block-heading">Argentina: Economic Struggles and BRICS Backing</h3>
Argentina, with a significant economy in Latin America, seeks backing from India, Brazil and China. Amid economic turmoil, high inflation, and debt woes, Argentina&#8217;s potential BRICS membership could offer economic revitalization.
<h3 class="wp-block-heading">Iran: Energy Reserves and Geopolitical Alliances</h3>
Iran&#8217;s vast energy resources make it a compelling contender. Applying for BRICS membership aligns with its non-Western alliances, signifying economic and political collaboration.
<h3 class="wp-block-heading">Indonesia and Egypt: Strategic Alliances and Geopolitical Shifts</h3>
China and India advocate for Indonesia&#8217;s BRICS entry. Meanwhile, Egypt&#8217;s pivot away from dollar dependence and its strengthening ties with Russia and China add intrigue to the group&#8217;s expansion.
<h2 class="wp-block-heading">BRICS&#8217; Expansion: 5 ETFs To Monitor </h2>
Here are some ETF-related instruments that investors might consider for exposure to the mentioned countries:
<ol>
<li>iShares MSCI Saudi Arabia ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSA#NYSE">KSA</a>)
<ul>
<li>This ETF tracks the MSCI Saudi Arabia IMI 25/50 Index, providing exposure to Saudi Arabian equities. </li>
</ul>
</li>
<li>Global X MSCI Argentina ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARGT#NYSE">ARGT</a>)
<ul>
<li>This ETF aims to replicate the performance of the MSCI All Argentina 25/50 Index, offering exposure to companies in Argentina. </li>
</ul>
</li>
<li>VanEck Vectors Egypt Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGPT#NYSE">EGPT</a>)
<ul>
<li>This ETF seeks to replicate the MVIS Egypt Index, providing exposure to publicly traded companies that are domiciled and primarily listed in Egypt. </li>
</ul>
</li>
<li>iShares MSCI Indonesia ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIDO#NYSE">EIDO</a>)
<ul>
<li>This ETF aims to track the performance of the MSCI Indonesia Index, offering exposure to Indonesian equities. </li>
</ul>
</li>
<li>iShares MSCI Emerging Markets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EEM#NYSE">EEM</a>)
<ul>
<li>This ETF tracks the MSCI Emerging Markets Index, providing broad exposure to emerging market equities across various countries.</li>
</ul>
</li>
</ol>
Read Now: <a href="https://www.benzinga.com/news/23/08/33957174/xi-jinpings-china-urges-brics-for-all-out-economic-war-against-g7-nations">Xi Jinping&#8217;s China Urges BRICS For All-Out Economic War Against G7 Nations</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

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TikTok Won't Launch Cross-Border E-commerce Services In Indonesia Amid Concerns

Eni And Chevron Signed An Agreement Tuesday To Operate The Indonesia Deepwater Development Gas Project

-Reuters
https://www.reuters.com/world/asia-pacific/indonesia-propose-limited-free-trade-deal-with-us-critical-minerals-2023-04-10/#:~:text=JAKARTA%2C%20April%2010%20(Reuters),senior%20minister%20said%20on%20Monday.

Indonesia To Propose Limited Free Trade Deal With U.S. On Critical Minerals Used In EV Supply Chain

A senior executive at global private equity company General Atlantic&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/markets/europe/exclusive-general-atlantic-plans-2-billion-investment-india-southeast-asia-2022-05-22/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">told Reuters</a>&nbsp;that the firm plans to invest $2 billion in India and Southeast Asia over the next two years as lowering valuations make the region&#39;s startups more attractive.
What happened:&nbsp;According to Sandeep Naik, General Atlantic&#39;s head of business in India and Southeast Asia, the company is in early-stage investment talks with about 15 companies in sectors like technology, financial services, retail, and consumer.
General Atlantic is ready to ease its purse strings after investing just $190 million in Indian startups in 2021, its lowest annual figure ever, Naik said in an interview at the World Economic Forum in the Swiss ski town of Davos.
Why it&#39;s Important:&nbsp;&quot;The realism is setting in. We were waiting for the value creation to happen. We are now ready,&quot; Naik said of General Atlantic&#39;s plans for India and Southeast Asia, where it has investments of more than $4.5 billion, mainly in India.
&quot;We are very bullish on India, Indonesia, and Vietnam,&quot; Naik added, omitting to name any companies under consideration.
Given the challenging market conditions and decreasing values, General Atlantic advises its portfolio companies to consider consolidation opportunities.
&quot;Now is the best time to consolidate... Strong gets stronger,&quot; Naik explained.

INDY

IXSE

NFTY

General Atlantic Intends To Invest $2B In India, Southeast Asia: Reuters

<ul>
<li>Indonesian courier company&nbsp;J&amp;T Express&nbsp;is planning to raise over $1 billion from a U.S. initial public offering (IPO) as soon as the fourth quarter, at a $5 billion valuation, becoming the first Indonesian firm to list in the U.S. since 2019,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2021-04-01/indonesia-s-j-t-express-said-to-weigh-1-billion-plus-u-s-ipo?srnd=technology-vp&amp;sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Bloomberg reports</a>.</li>
<li>The company is planning new funding round after raking in $300 million in the most recent funding round.</li>
<li>J&amp;T Express could challenge telecom tower operator&nbsp;PT Indosat Tbk&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ptitf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">PTITF</a>) $1.05 billion IPO in 1994.</li>
<li>J&amp;T Express has expanded into Malaysia, Vietnam, Indonesia, Thailand, Singapore, Cambodia, and China since its 2015 inception. The courier company recently launched an air freighter in Tangerang.</li>
<li>J&amp;T Express partners include Indonesia&rsquo;s e-commerce firms PT Tokopedia and Bukalapak.com, and Singapore-based Sea Ltd owned, Shopee.</li>
<li>The pandemic induced online shopping acted as a significant demand driver for logistics and warehouses, further triggered by the 267 million Indonesian population spread over 7,000 islands.</li>
</ul>

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Indonesian Logistics Company J&T Express Evaluating $1B US IPO: Bloomberg

-Reuters
<a href="https://ca.reuters.com/article/us-indonesia-president-tesla-exclusive-idCAKBN27T13Q" title="https://ca.reuters.com/article/us-indonesia-president-tesla-exclusive-idCAKBN27T13Q">https://ca.reuters.com/article/us-indonesia-president-tesla-exclusive-idCAKBN27T13Q</a>

Indonesia Seeking Investment from Tesla to Set Up Factory to Produce EV Batteries

Few if any emerging markets were spared in last year&#39;s bloodbath. The 2018 decline of 15.3&nbsp;percent for the MSCI Emerging Markets Index ensnared a slew of developing economies from Asia to Latin America and beyond.
The MSCI Emerging Markets Index is up 5.23 percent to start 2019, indicating emerging markets equities are making good on the rebound potential so many market observers highlighted late last year.
<h3>What Happened</h3>
Among the markets decked by last year&#39;s emerging markets slide was Indonesia, Southeast Asia&#39;s largest economy. The MSCI Indonesia Investable Market Index in 2018 lost more than 10 percent. The iShares MSCI Indonesia ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eido#NYSE">EIDO</a>) and the VanEck Vectors Indonesia ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/idx#NYSE">IDX</a>) declined an average of 10.55 percent.
Slumping commodities prices, the stronger U.S. dollar and rising U.S. interest rates were among the factors hampering Indonesian stocks in 2018.
<h3>Why It&#39;s Important</h3>
Obviously, 2019 is still in the early innings, but Indonesian stocks are leading the emerging markets rebound. Following Wednesday, when both EIDO and IDX gained more than 1.30 percent, the two Indonesia ETFs are flirting with year-to-date gains of 10 percent.
On Wednesday, a dozen US-listed ETFs hit six-month highs. EIDO and IDX were two of those 12 funds. EIDO and IDX reside about an average of 12.50 percent below their 52-week highs.
Last year, Indonesia posted its <a href="https://uk.reuters.com/article/uk-indonesia-economy-trade/indonesia-posts-record-trade-gap-in-2018-december-exports-sink-idUKKCN1P90AZ">widest ever trade deficit</a>, which likely hampered the country&#39;s equity markets. The silver lining is imports jumped because the country&#39;s domestic economy is on sound footing.
Tighter monetary policy was also an issue. Last year, Bank Indonesia, the country&#39;s central bank, raised interest rates six times. Bank Indonesia meets today, but is widely expect to not hike rates.
<h3>What&#39;s Next</h3>
EIDO holds 76 stocks and allocates over 37 percent of its weight to the financial services sector. Consumer staples and communication services stocks combine for over 29 percent of the ETF&#39;s weight.
IDX, the older of the two Indonesia ETFs, holds 43 stocks, 31.2 percent of which are financial services names. The consumer staples and discretionary sectors combine for almost 29 percent of that ETF&#39;s weight.
Investors have added $65.45 million to EIDO to start 2019.
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Indonesia&#39;s economy grew slower than expected. GDP for the third quarter grew 5.06% year over year, per Badan Pusat Statistik Indonesia. This was below expectations of 5.13%, per a Reuters poll. Indonesia&#39;s GDP grew 5.01% year over year in the second quarter of 2017. &nbsp;

	Indonesia&#39;s consumer prices increased 3.58% year over year in October compared with 3.72% in September and 0.01% on a monthly basis, per the Central Statistics Agency. The inflation is well within the central bank&#39;s target range of 3-5%.

	Economic Fundamentals

	Indonesia&#39;s central bank unexpectedly cut its benchmark interest rate twice, by 25 basis points each in August and September. It now stands at 4.25%. This was primarily possible because of the low inflation the country is experiencing (read: <a href="https://www.zacks.com/stock/news/273447/indonesia-unexpectedly-cuts-interest-rate-etfs-in-focus">Indonesia Unexpectedly Cuts Interest Rate: ETFs in Focus</a>).

	Commodity prices have been rebounding on stronger global growth cues. This has led to an increase in Indonesian exports, as it increased 17% year over year in the third quarter. However, consumer spending and credit growth continues to be subdued despite the central bank having cut its key benchmark interest rate eight times since last year. Consumer spending increased 4.93% year over year in the third quarter compared with 4.95% in the previous quarter.

	These factors introduce a possibility of the central bank easing policy further in the coming monetary policy meets.

	External Factors

	Foreign Direct Investment&nbsp;increased 12% year over year in the July-September quarter compared with 10.6% in the second quarter. Indonesia&#39;s economy is projected to grow 5.4% in 2018. However, finance minister Sri Mulyani Indrawati said that a pickup in investments might help GDP to grow at a faster pace.

	The Federal Reserve left its benchmark interest rate steady in the October meeting, but the markets widely expect the Fed to hike rates in December. Per the <a href="http://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html">CME Fed watch</a> tool, there is a 96.7% chance of a rate hike by 25 basis points.

	Although a rate hike generally reduces the appeal of emerging market investments, the impact of these events on the Indonesian markets is still difficult to predict. This is primarily because markets are scaling record highs and showing lesser correlation to events that are generally a game changer for emerging markets.

	In the current scenario, let us discuss a few ETFs focused on providing exposure to Indonesian equities (see <a href="https://www.zacks.com/etf/etf_category_details.php?cat=Broad-Emerging-Market-ETFs&amp;i=56">all Broad Emerging Market ETFs here</a>). &nbsp;

	iShares MSCI Indonesia ETF EIDO

	This fund is appropriate for investors looking to gain exposure to companies based in Indonesia. Thus, it offers a pure play on Indonesia.

	It has AUM of $483.7 million and charges a fee of 63 basis points a year. From a sector look, Financials, Consumer Discretionary and Telecommunication Services are the top three allocations of the fund, with 34.3%, 13.6% and 13.1% exposure, respectively (as of Nov 3, 2017). From an individual holdings perspective, Bank Central Asia, Telekomunikasi Indonesia and Bank Rakyat Indonesia (Persero) are the top three holdings of the fund, with 11.4%, 11.4% and 9.8% allocation, respectively (as of Nov 3, 2017). The fund has returned 13.1% year to date and 7.2% in a year (as of Nov 6, 2017). EIDO has a Zacks ETF Rank #3 (Hold) with a High risk outlook.

	VanEck Vectors Indonesia Index ETF IDX

	This fund seeks to provide a bet on Indonesia by investing in companies based out of the nation or the ones who have a great deal of business interest there.

	It has AUM of $65.6 million and charges a fee of 58 basis points a year. From a sector look, Financials, Consumer Staples and Consumer Discretionary, are the top three allocations of the fund, with 30.2%, 16.4% and 13.2% exposure, respectively (as of Sep 30, 2017). From an individual holdings perspective, Bank Central Asia, Astra International and Bank Rakyat Indonesia (Persero) are the top three holdings of the fund, with 8.6%, 7.0% and 6.9% allocation, respectively (as of Nov 6, 2017). The fund has returned 14.5% year to date and 7.1% in a year (as of Nov 6, 2017). IDX has a Zacks Rank #3 with a High risk outlook.

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iShares MSCI Indonesia ETF

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iShares MSCI Indonesia ETF (ARCA:EIDO), Rapport sur les intérêts à découvert

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PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL