Invest in Southeast Asia’s largest economy

Article Excerpt

Indonesia’s 250 million citizens make it the world’s fourth-most-populous country and Southeast Asia’s largest economy. The nation’s successful and popular president is focused on further growth and is the first leader to emerge from outside of Indonesia’s military elite. ISHARES MSCI INDONESIA ETF $26 (New York symbol EIDO; TSI Network ETF Rating: Aggressive; Market cap: $470.8 million) provides broad exposure to the main publicly listed companies in Indonesia. It tracks the iShares MSCI Indonesia Investable Market index. The ETF holds a broad portfolio of 92 stocks, but its top 10 make up 65% of total assets. They include Telekomunikasi Indonesia (13%), Bank Central Asia (11%), Bank Rakyat (10%), Astra International (truck manufacturing, 9%), Bank Mandiri (7%), Unilever Indonesia (household products, 4%), Bank Negara (3%), United Tractors (3%), Indofood (2%) and Indocement (2%). Financials (38%), Consumer Goods (24%), Telecommunications (14%) and Industrials (11%) are the main industry segments represented in the portfolio. The ETF has an MER of 0.62% and was launched May 7, 2010…