Although Indonesia has yet to get its own exchange traded fund (ETF), one of way to invest in this rapidly growing economy is through its closed-end fund (CEF), which is the Indonesian Fund (IF). IF is up 17.3% year-to-date.
Despite Indonesia’s devastating loss from the tsunami, it’s economy is rebuilding at an impressive rate, and its closed-end fund (CEF) reflects this. Indonesia’s economy grew 5.5% last year and is expected to grow 6.2% this year and 6.5% next year, according to Assif Shameen of Barron’s. In addition, corporate earnings are projected to grow 23% this year and more than 20% next year, which would be the best performance in Asia, if it’s accurate.
Other fun facts about Indonesia, courtesy of Fred Fuld of Stockerblog, include:
- Indonesia has the fourth highest population in the world.
- Indonesia’s largest sector is the services sector. It accounts for 45.3% of the GDP as of 2005.
- It is a republic with an elected president and parliament.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.