With renewed interest on Friday in downside protective puts in leading Emerging Markets based ETFs EEM (iShares MSCI Emerging Markets, Expense Ratio 0.67%) and VWO (Vanguard Emerging Markets, Expense Ratio 0.18%), (VWO has $57.4 billion in AUM and EEM $44.4 billion) we look at one of the leading EM countries in terms of 2013 performance, Indonesia.
EIDO (iShares MSCI Indonesia Investable Market, Expense Ratio 0.59%) has reeled in $629 million in assets under management since its 2010 launch, followed by IDX (Market Vectors Indonesia, Expense Ratio 0.57%) and IDXJ (Market Vectors Indonesia Small Cap, Expense Ratio 0.61%) which is the newest to the marketplace after its March 2012 launch.
EIDO is heavy Financial Services names (29.54%), Consumer Discretionary (15.07%), and Basic Materials (12.74%) on the top end of the portfolio, while IDX lines up as follows: 1) Financial Services (26.60%) 2) Basic Materials (18.31%) and 3) Consumer Staples (15.75%) in terms of its top sector weightings. [Indonesia ETFs Ride Growth Wave]
IDXJ is of course focused on Small-Cap exposure to Indonesian equities, while both EIDO and IDX are heavily weighted towards Mega and Large cap names.
Trading volumes have picked up significantly in recent sessions in Indonesian linked ETFs, and Small Caps (IDXJ) is actually breaking out to all time product highs this morning as Indonesia’s continued momentum and trend of out-performance to the broader EM proxies seems to have legs here. [Why Indonesia ETFs are on a Tear]