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Aberdeen Indonesia Fund, Inc. (NYSE AMEX: IF)
- (EDT)
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Daily Data
At close May 17, 2012
| NAV | $14.18 |
| Price | $12.71 |
| Premium/(Discount) | -10.37% |
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
April 2012
- The benchmark Jakarta Composite Index rose in March, helped by positive U.S. economic data and foreign inflows, which gave share prices a further boost.
- Inflation edged higher to an annualized rate of 3.97%. The proposed fuel subsidy cuts were amended due to political opposition, giving the central bank room to focus on supporting growth.
- In corporate news, energy products distributor AKR Corporindo’s annual results met expectations, with solid growth in its core petroleum distribution business driven by rising fuel demand from the mining, power and industrial sectors. Discount retailer Ramayana delivered modest full-year earnings growth but remains committed to expanding its business. Telecommunications company Indosat posted poor fourth-quarter 2011 results due to cost increases and foreign exchange losses.
- We took profits from home retailer Ace Hardware and cement company Holcim Indonesia, on relative price strength. With the proceeds, we added to telecommunication stocks XL Axiata and Indosat, and discount retailer Ramayana, which were trading at what we viewed as attractive valuations.
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