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Aberdeen Indonesia Fund, Inc. (NYSE AMEX: IF)
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Daily Data
At close Sep, 02 2010
| NAV | $13.25 |
| Price | $12.46 |
| Premium/Discount | -5.96% |
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.
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
July 2010
- The Jakarta Composite Index bucked the global downtrend in June, outperforming most regional markets, despite ongoing concerns that Europe’s austerity drive may affect the global economic recovery. China’s move to increase the flexibility of its exchange rate provided some respite.
- Moody’s raised the country’s sovereign debt rating to positive from stable, while Bank Indonesia, the central bank, implemented measures to curb short-term capital flows.
- The Indonesian government increased its foreign ownership limit in certain sectors, such as agriculture and healthcare.
- In Fund-related news, Unilever Indonesia’s acquisition of Sara Lee Body Care Indonesia will allow it to expand locally. Auto manufacturer Astra International acquired the rest of finance company Astra Sedaya Finance from GE to make it a wholly-owned unit. Petra Foods raised US$85.2 million via a new share placement to fund expansion. Singapore-based Oversea-Chinese Banking Corp. increased its stake in Bank OCBC NISP to 81.9% after it bought out International Finance Corp.
- There were no major changes to the portfolio in June.