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Strategies & Market Trends : Indonesia Fund (IF)

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From: Microcap Analyst7/16/2007 6:18:39 PM
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IF up 7% today on 7x volume spike due to Barron's article this weekend.

IF now trading at $12.35, a 6.4% premium to net asset value of $11.61.

Indonesian Market Is Hot and Getting Hotter
By Assif Shameen
Companies Featured in This Article: PT Telkomunikasi Indonesia, Indosat, Indonesia Fund

Emerging Markets

JULY MARKS THE 10TH ANNIVERSARY of the start of Asia's financial crisis, when currencies and stock markets plunged and investors fled.

Few countries were harder hit than Indonesia, which has Southeast Asia's largest economy. Protestors flooded the streets, ultimately forcing out the dictator Suharto and paving the way for free elections and a more open economy with increased privatization and deregulation. Today, Indonesia looks like a 1990s-era Asian tiger: The Jakarta Composite Index is up 33% this year, and 55% over 12 months -- and has surged nearly tenfold from its mid-1998 Asian-crisis low point.

"Strong, pro-growth policies ...
• THE FULL BARRON'S ARTICLE IS ONLY AVAILABLE TO SUBSCRIBERS.
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