Van Eck Launches Indonesia Fund

Van Eck Global launched the Market Vectors Indonesia ETF (IDX), the first ETF focused on Indonesia available to U.S. investors.

Indonesia has the largest economy in Southeast Asia and is one of the most rapidly developing nations in the emerging markets universe. The Fund  also offers potential diversification benefits since Indonesia has historically had one of Southeast Asia’s lower equity correlations with the developed markets

Top holdings include Bank Central Asia (8.8%), Telekomunikasi Indonesia (7.5%) and Bank Rakyat Indonesia (7.0%).

See the Van Eck Global ETF directory for a complete listing.