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Barron's: Indonesian Market
Updated:
07.14.07Views:
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From Barron's 7-16-07:"July marks the 10th anniversary of the start of Asia's financial crisis, when currencies and stock markets plunged and investors fled.
Few countries were harder hit than Indonesia, which has Southeast Asia's largest economy. Today, Indonesia looks like a 1990s-era Asian tiger: The Jakarta Composite Index is up 33% this year, and 55% over 12 months -- and has surged nearly tenfold from its mid-1998 Asian-crisis low point.
"Strong, pro-growth policies [are] in place, and President Susilo Bambang Yudhoyono has a good record of delivering on his promises," says Ray Jovanovich, chief investment officer at Crédit Agricole Asset Management, Hong Kong. Foreign direct investment is rising, and rich Indonesians who took their money overseas are returning to find value back home."
There are no Indonesia-only exchange-traded funds, but U.S. investors can choose from Asia-focused funds as well as American depositary receipts, such as those below.
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hey divy hero.....give us a peak....what's currently in your portfolio?
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05.25.12 | 09:11 PM asked by Michael Morse
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