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Aberdeen Indonesia Fund, Inc. (NYSE AMEX: IF)
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Daily Data
At close Jan 26, 2012
| NAV | $13.85 |
| Price | $12.92 |
| Premium/Discount | -6.71% |
NAV and prices are provided by Morningstar. This information is unaudited and neither Aberdeen Asset Management PLC, its wholly owned subsidiaries, the Funds, nor any other person guarantees their accuracy.
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Aberdeen Indonesia Fund, Inc. (NYSE AMEX: IF)
Investment Objective
The Fund seeks long-term capital appreciation as a primary objective and income as a secondary objective, by investing primarily in Indonesian securities.
Investing in the Asia-Pacific Region
As the West grapples with its debt issues, we believe that the structural soundness of the Asia-Pacific region will help deliver long-term opportunities for investors.
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Fund Manager Interview
Indonesia is often known as the second “I” among “BRIC” nations, which as a group possess some of the most dynamic environments for investors today. Learn more about why Hugh Young, Managing Director of Asian Equities for Aberdeen, believes that Indonesia is a market that suits Aberdeen’s diligent, bottom-up investment process. Learn more about how you can invest in a pool of well-selected companies that can benefit from the country’s strong, growing economy.
Investment Policies
It is the policy of the Fund to invest its assets in Indonesian equity and debt securities. For these purposes, “Indonesian securities” means securities traded principally on stock exchanges in Indonesia.
The information contained above provides only a brief summary description of the Fund's investment objective and investment policies.
Fund Managers’ Monthly Report
December 2011
- The Jakarta Composite Index, the Indonesian equity market benchmark, fell in November on the weak global economic outlook.
- Indonesia’s inflation slowed for a third month to 4.15%, bearing out the central bank’s decision to cut its benchmark interest rate last month.
- The rupiah gained the most in a month after China reduced its reserve ratio, on optimism that this will boost Indonesian shipments to its third-biggest export market.
- In politics, President Susilo’s youngest son married the daughter of fellow minister Rajasa, who is Chairman of the moderate Islamist party which controls 8% of parliamentary seats. The marriage suggests closer political ties between the two parties further cementing the incumbent president’s strong hold on the parliament.
- In Fund-related news, our core bank holdings, Bank Permata and Bank OCBC NISP, reported strong quarterly results underpinned by robust loan growth and lower provisions reflecting the continued improvement in asset quality. Our core consumer staples holding, Unilever Indonesia, saw margins retreat slightly due to higher raw material prices, but continued to deliver double-digit sales and profit growth.
- There were no major changes to the portfolio in November.
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