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Indonesia Country ETF Will Resume Slide

Recently, I wrote an article on the Vietnam ETF (NYSEARCA:VNM), " VNM May Be The Sleeper Trade Of The Decade", where the conclusion that I reached was that VNM was a good, albeit risky, long term hold. Indonesia, also located in Eastern Asia, has some similarities to Vietnam, including a young population, cheap labor, fast-growing GDP, state-owned enterprises, and attempts at government reform. Whereas I am bullish on Vietnam, that is not the case for Indonesia.

Currently, there are three Indonesia country ETFs: the iShares MSCI Indonesia Investable Market Index Fund (NYSEARCA:EIDO), the Market Vectors Indonesia Index ETF (NYSEARCA:IDX) and the Market Vectors Indonesia Small-Cap ETF (NYSEARCA:IDXJ). This article focuses on EIDO only, as the trade volume and Assets Under Management (AUM) are significantly higher than IDX and IDXJ.

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by Steve Auger