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Aberdeen Indonesia Fund, Inc. (NYSE AMEX: IF)
- (EST)
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Daily Data
At close Feb 07, 2012
| NAV | $13.94 |
| Price | $13.02 |
| Premium/Discount | -6.60% |
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
January 2012
- The Indonesia equity market benchmark Jakarta Composite Index rebounded in December, while the economy grew 6.5% year-on-year in the third quarter.
- Domestic inflation eased more than expected to 3.79%, giving the central bank room to cut rates again.
- The Indonesian rupiah weakened the most for the month against the U.S. dollar on the back of concern that Europe’s debt crisis will sap demand for emerging market assets.
- After 14 years, the Indonesian government recovered its investment-grade status of BBB-, reflecting the country’s strong and resilient economic growth.
- In politics, arrests have followed a gathering corruption scandal, which has undermined President Susilo’s election pledge to tackle graft, sending his popularity to a record low.
- In Fund-related corporate news, Holcim Indonesia allocated US$200 million for the construction of a new cement plant in East Java. The project will add 1.7 million tons of capacity, reduce distribution costs and improve development.
- There were no major changes to the portfolio in December.
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