|Bid||22.00 x 1000|
|Ask||23.57 x 1200|
|Day's Range||23.33 - 23.61|
|52 Week Range||18.81 - 26.90|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.52|
|Expense Ratio (net)||0.57%|
Few if any emerging markets were spared in last year's bloodbath. The 2018 decline of 15.3 percent for the MSCI Emerging Markets Index ensnared a slew of developing economies from Asia to Latin America ...
Asian markets were among the worst off in 2018 as trade tensions, U.S. interest rate hikes and China’s deleveraging policies sent investors running. However, now that the dust is settling, investors may ...
Indonesia country-specific ETFs were among the leaders on Thursday as traders hoped that a resolution to trade negotiations between the U.S. and China would help bring global trade back. On Thursday, the iShares MSCI Indonesia ETF (EIDO) rose 1.9% and VanEck Vectors Indonesia Index ETF (IDX) gained 2.3%. The emerging Asian market has been pummeled especially hard as investors exited emerging markets, due to the country’s perceived vulnerability from its reliance on global trade with its current account deficit and need to import oil.
Two neighboring emerging market stock exchanges have outperformed in late 2018. Explore several trading ideas using country-focused ETFs.
VanEck announced today preliminary yearend distribution estimates for its VanEck Vectors® equity exchange-traded funds.
Indonesia country-specific ETFs plunged Wednesday on an intensifying rout in the emerging markets, with Indonesia's equity market experiencing its worst sell-off in almost two years, forcing authorities to step in to support its local currency and debt markets. President Joko Widodo blamed “a barrage of external factors” for the rupiah currency's depreciation to 20-year lows and argued for an immediate increase in investment and exports to contain the current account deficit, Reuters reports. “There are only two key (things) - investments must continue to increase and exports must also increase so (we) can resolve the current account deficit,” Widodo said in comments posted on the cabinet secretary’s web page.
For the fourth time in the last three months, Indonesia raised its interest rates 25 basis points to 5.5% amid the economic crisis in Turkey in conjunction with the devaluing Indonesian rupiah. "The reason for the rate hike is to maintain the attractiveness of our domestic financial market, in that we want yields... to remain attractive despite rising risk premiums and that could trigger inflows," said BI Governor Perry Warjiyo. In the meantime, the economic doldrums in Indonesia have been reflected in corresponding ETFs, such as the iShares MSCI Indonesia ETF (EIDO) and the VanEck Vectors Indonesia ETF (IDX) .
According to a report by Markit Economics, the Indonesia (IDX) Manufacturing PMI fell to a five-month low in June. It was 50.3 in June compared to 51.7 in May.
According to a report by Markit Economics, Indonesia’s (IDX) (ASEA) manufacturing activity improved at a solid rate in May as compared to the previous month. It stood at 51.7 in May as compared to 51.6 in April.
While the emerging markets have stumbled in recent months, investors should still consider opportunities in Asian markets and related exchange traded funds. Malaysia, the Philippines, Indonesia and China ...
Indonesia country-specific exchange traded funds climbed Wednesday as the emerging country's central bank hiked benchmark interest rates for the second time in two weeks. Both Indonesia ETFs were testing their short-term resistances at the 50-day simple moving average. “This is a preemptive, front-loading and ahead-of-the curve policy response” in anticipation of more interest rate increases by the U.S. Federal Reserve and “risks in the global financial market,” Bank Indonesia's new head Perry Warjiyo said, leaving open the possibility of more “measured” rate increases if needed.
Indonesia country-specific exchange traded funds, like the broader emerging markets, have been weakening in recent weeks, but Indonesia's markets climbed Thursday as foreign investors return to this developing economy. Year-to-date, EIDO declined 15.1% and IDX fell 13.6%. The Indonesia's benchmark Jakarta Composite Index rose Thursday, experiencing its best daily increase in 22 months, after foreign investors returned to the market the day before following 21 consecutive days of outflows, Bloomberg reports.
According to a report by Markit Economics, Indonesia’s (IDX) (ASEA) manufacturing activity improved more in April than in March. It was 51.6 in April compared to 50.7 in March.
Indonesia's markets and country-specific ETFs have been among the worst performers in the emerging markets category as foreign investors pull capital out of the country. The Indonesian equity market has slipped more than 8% in two weeks while the rupiah currency depreciated 1.4% since mid-April as global investors yanked funds from emerging markets, the Wall Street Journal reports. “Foreign ownership in government bonds is positive because it shows foreigners’ confidence on our economic fundamentals,” Luky Alfirman, director-general of financing and risk management at Indonesia’s Finance Ministry, told the WSJ.
According to Markit Economics, Indonesia’s (IDX) (ASEA) manufacturing activity witnessed a weaker rise in March than in February. Its manufacturing PMI (purchasing managers’ index) stood at 50.7 in March and 51.4 in February.