|Bid||0.00 x 1000|
|Ask||0.00 x 1000|
|Day's Range||23.52 - 23.67|
|52 Week Range||18.81 - 24.15|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.88|
|Expense Ratio (net)||0.57%|
Two neighboring emerging market stock exchanges have outperformed in late 2018. Explore several trading ideas using country-focused ETFs.
Indonesia country-specific exchange traded funds stood out Thursday, strengthening on hopes of stability following a round of post-election riots that seem to be dying down. Among the best performing non-leveraged ...
Indonesia country-specific exchange traded funds were among the worst performers Wednesday after the Southeast Asian economy recorded its biggest ever monthly trade deficit in April, revealing its ongoing struggles in a global environment gripped by trade concerns. Weighing on Indonesia's equity markets, Statistics Indonesia revealed the value of goods shipped from the country to the rest of the world plunged by 13.1% year-over-year in April, compared to economists' expectations of a 7.2% fall, the Financial Times reports. The resulting disparity between imports and exports pushed Southeast Asia's biggest economy's monthly trade deficit to $2.5 billion, Indonesia's biggest shortfall since it started recording data since 1950.
Amid trade war concerns and speculations regarding the global economic slowdown, disappointing Indonesian GDA data puts some ETFs in focus.
The VanEck Vectors Indonesia Index ETF (IDX) , the first US-listed exchange traded fund (ETF) dedicated to Indonesian stocks, is up 9.10% this year and trails the MSCI Emerging Markets Index. Some of that lag could be attributable to the country's recent election, which saw President Joko Widodo easily win re-election. With Widodo's win, it is safe to say major surprises did not materialize.
Indonesia markets and country-specific ETFs rallied Friday on a new data that revealed a surprise trade surplus last month. Among the top performing areas of the market on Friday, the iShares MSCI Indonesia ...
The sharp global rally left Indonesia country-specific exchange traded funds in the dust after Credit Suisse Group AG downgraded Indonesian equities to a sell rating in anticipation of a weak phase ahead. ...
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.
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.
Taimur Hyat, Chief Operating Officer at PGIM, says emerging markets like Vietnam and Indonesia have to be a core part of your portfolio. Yahoo Finance’s Alexis Christoforous speaks to him.