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iShares MSCI Indonesia ETF (EIDO)

- NYSEARCA
  • Jul. 9, 2014, 3:55 PM
    • Indonesian ETFs EIDO (EIDO +4%), IDX (IDX +4.8%), and IDXJ (IDXJ +4%) are flying after "quick-count" tallies show reform-minded Jakarta Governor Joko Widodo with a victory in the presidential election.
    • Closed for election day, Indonesian markets open next at 10:30 ET, and the Jakarta Index is already ahead nearly 20% YTD.
    • “The key economic challenge facing Jokowi will be re-igniting the economy, which has slowed markedly over the past couple of years,” says Gareth Leather, Asia Economist for Capital Economics. “There is no magic bullet to reviving growth. In the short-term, monetary and fiscal policy are likely to remain fairly tight."
    | Comment!
  • May 20, 2014, 11:24 AM
    • Jusuf Kalla, the former chairman of Golkar - Indonesia's second-largest political party - has split to join the presidential ticket of front-runner Joko Widodo (known as Jokowi) as his party formed a coalition with Jokowi's fast-gaining rival.
    • Not liking the uncertainly, investors sold, sending the JSX Index lower by 2.4%.
    • As recently as last week, Golkar was rumored to be forming a coalition with Jokowi, but demanded terms for its endorsement, a condition Jokowi - known for his reform-minded clean governance as Governor of Jakarta - was not willing to satisfy.
    • ETFs: IDX, EIDO, IDXJ
    | Comment!
  • Apr. 7, 2014, 4:40 PM
    • The return of money to emerging markets in general and Brazil in particular has been well-covered. What other countries are working?
    • Indonesia: EIDO +24.3% YTD; other ETFs IDX, IDXJ.
    • Philippines: EPHE +9.7% YTD.
    • Thailand: THD +7.3% YTD.
    • Vietnam: VNM +18% YTD.
    • India: EPI +8.7% YTD; other ETFs EPI, INDY, SCIF, PIN, INP, INDL, INDA, INXX, SCIN, SMIN
    • What's not: Mexico (EWW) is off 5.5% and Chile (ECH) is down 4.1% YTD.
    | 1 Comment
  • Mar. 20, 2014, 8:30 AM
    • A check of Asian emerging markets overnight following the FOMC and Yellen suggesting the first hike in rates in maybe one year finds them lower, but not out of line with the rest of the global selloff.
    • Indonesia -2.5%, Thailand -0.2%, Philippines -0.7%, India -0.4%.
    • ETFs: EPI, THD, EPHE, IDX, INDY, EIDO, SCIF, PIN, INP, INDL, INDA, INXX, IDXJ, SCIN, SMIN
    • The EEM is off 0.7% premarket after yesterday's 2.1% decline.
    | Comment!
  • Jan. 3, 2014, 9:34 AM
    • The SET Index (THD, TF, TTF) falls 0.5%, adding to Thursday's 5.2% decline — Thursday marked the worst start to a year for the country's equity market in at least two and a half decades.
    • Thai shares are now trading at around 10.5X forward earnings, which is the cheapest they've been since the summer of 2012.
    • "Market sentiment is very weak with no foreseeable solution on the current political deadlock in the near future,” the CIO of the country's largest private money manager tells Bloomberg.
    • In other regional action, Indonesian shares (IDX, IDXJ, EIDO) are lower by 1.6% and stocks in Malaysia (EWM) fall nearly 1%.
    | Comment!
  • Dec. 30, 2013, 8:58 AM
    • Indonesian shares (IDX, IDXJ, EIDO) rise 1.5% on the last trading day of the year — markets are closed Tuesday and Wednesday.
    • The JCI fell 0.98% in 2013, the first yearly loss since 2008.
    • Net foreign outflows for the year totaled $1.7B, Reuters says.
    • Elsewhere, Vietnamese (VNM) shares slide 1.2% but are up some 20% on the year.
    | Comment!
  • Dec. 17, 2013, 10:15 AM
    • Thai (THD, TF, TTF) and Indonesian (IDX, EIDO, IDXJ) shares rebound from multi-month lows, rising 0.7% and 1.4%, respectively.
    • Also rallying today are Philippine shares (EPHE), up 2% in Manila.
    • Southeast Asian investors will be watching the Fed closely for hints about the taper, as many commentators still believe emerging markets will suffer once the FOMC begins to pare its asset purchases.
    | Comment!
  • Dec. 4, 2013, 8:41 AM
    • Nothing to see here. "There will be no coup as we believe the tension is easing and everything will be back to normal soon," Thailand's navy chief says, allaying fears that the country may see its 19th attempted military coup in the past 80 years.
    • Although Prime Minster Yingluck Shinawatra's government continues to trade harsh words with opposition leader Suthep Thaugsuban, the administration's willingness to allow protesters to enter government ministries is seen as a sign that violent upheaval is likely off the table.
    • Thai shares (THD, TTF, TF) are relatively calm, slipping 0.5% in Bangkok.
    • Elsewhere in the region, markets in Indonesian (IDX, EIDO, IDXJ) and the Philippines (EPHE) slide more than 1% each.
    | Comment!
  • Dec. 3, 2013, 9:36 AM
    • Thai shares (THD, TTF, TF) rise 0.7% in Bangkok. Investors are hopeful that a move by Yingluck Shinawatra to allow demonstrators to reach government buildings will ease tensions.
    • Elsewhere in the region, Indonesian (IDX, IDXJ, EIDO) and Philippine (EPHE) shares fall 0.8% and 0.7% respectively.
    | Comment!
  • Dec. 2, 2013, 9:26 AM
    • Indonesian shares (IDX, EIDO, IDXJ) surge 1.5% in Jakarta to lead regional gainers.
    • Annual inflation printed at 8.37% in November, up marginally from 8.32% in the previous month. "Inflation, remaining under control, gives positive sentiment for [the] property sector," one Jakarta-based firm quoted by Reuters says.
    • In related news, Indonesia's trade balance showed a $50M surplus in October, far better than the $650M deficit economists expected.
    • Full release (from Statistics Indonesia)
    | Comment!
  • Nov. 26, 2013, 2:57 AM
    • Amid concern about the effects of Fed tapering, if and when it happens, Indonesia's rupiah has fallen to its lowest level since March 2009 after the government sold $190M of dollar-denominated bonds, well short of the goal of $450M.
    • The USD-IDR is +0.4% at 11790 rupiahs.
    • "We expect to see the rupiah weakening, keeping in view the Fed-tapering risk," says currency strategist Andy Ji.
    • The IDX Composite is -1%.
    • ETFs: IDX, EIDO, CEW, IDXJ, JEM
    | Comment!
  • Nov. 14, 2013, 9:52 AM
    • Dovish commentary from Janet Yellen gives Southeast Asian markets a boost, as investors likely believe the continuation of ultra accommodative Fed policy will stem and/or prevent emerging market capital outflows.
    • Across the region: SET (THD, TTF, TF+0.8%, JCI (IDX, IDXJ, EIDO) +1.5%, Straits Times (EWS, EWSS) +0.8%.
    • Not participating in the rally are Philippine shares (EPHE), which are up just 0.1% as the country continues to reel from damage inflicted by Typhoon Haiyan.
    | Comment!
  • Oct. 31, 2013, 10:37 AM
    • Indonesian shares (IDX, IDXJ, EIDO) fall 1.4% to two-week lows, in a move attributed to underwhelming quarterly earnings. Nevertheless, the JCI closes out the month with a solid gain of nearly 5%.
    • Other regional shares are weaker as well, with Singapore (EWS, EWSS) and Malaysia (EWM) off by more than 0.5% — in the absence of an identifiable catalyst, the underperformance is (of course) blamed on U.S. monetary policy being "less dovish than anticipated."
    • Meanwhile, Thai shares (THD, TF, TTF) rebound, rising 0.8% after falling 1.7% on Wednesday.
    | Comment!
  • Oct. 24, 2013, 9:24 AM
    • Two straight days of foreign inflows help Indonesian shares (IDX, IDXJ, EIDO) close at five-week highs, as the JCI rises 1% in Jakarta.
    • Meanwhile, Malaysian stocks (EWM) are sitting at record highs as investors seem optimistic about the possibility that Prime Minister Najib Razak's will take steps — including reducing fuel subsidies and instituting a consumption tax, although implementation of the latter option is likely years away — to cut the country's fiscal deficit.
    • Other regional movers: PSEi (EPHE) -0.8%, Vietnam (VNM) -0.6%
    | Comment!
  • Oct. 21, 2013, 9:15 AM
    • Thai shares (THD, TF, TTF) sink 2.4% in a late sell-off, as domestic institutional selling totals $129M.
    • Other regional markets are largely flat with the exception of Indonesia, where shares (IDX, IDXJ, EIDO) are up 0.7%.
    | Comment!
  • Oct. 18, 2013, 9:10 AM
    • Philippine shares (EPHE) jump 0.7%, rising to two-month highs, while Thai stocks lead all regional gainers, rising 1% in Bangkok.
    • Sentiment is generally upbeat across the region after China's Q3 GDP growth met expectations.
    • Indonesia (IDXJ, IDX, EIDO) +0.6%
    | Comment!
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EIDO Description
The iShares MSCI Indonesia Investable Market Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Indonesia Investable Market Index.
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Country: Indonesia
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