I read this from personal finance magazine and I think it is worth to share it here about Indonesia facts and figures. This probably explains why Indonesia is being selected as part of the N-11 and G-20?
In case you do not know, N-11 stands for Next Eleven are eleven countries (i.e. Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, South Korea, Turkey, and Vietnam) that are being selected by Goldman Sachs investment bank as having a high potential of becoming the world’s largest economies in 21st century. See N-11 in Wikipedia.
Similar to N-11, G-20 stands for group of 20 countries which represent the 80% of the world economy and is believed will be replacing the G8 – Group of Eight major economy countries (i.e. Canada, France, Germany, Italy, Japan, United Kingdom, United States). See G-20 and G8 in Wikipedia.
Please don’t feel sad if your country is not being selected (e.g Malaysia). :D
Indonesia Facts and Figures
|Indicators||2005 (%)||2006 (%)||2007 (%)||2008 (%)||2009 (%)||2010 (%)|
|Exchange rate (IDR/USD)||9,713||9,050||9,130||9,691||9,400||8,991|
The only one key highlight here in my opinion (although the magazine highlight a lot of them) is the Indonesia Economy growth is not affected by the global recession of 2008/2009. If you look at the GDP growth rate in Malaysia, we were having recession during that time. From this perspective, Indonesia is pretty strong.
However, if you look the Indonesian unit trusts in Malaysia, not all of them are making money except for PB Indonesia Balanced and Public Indonesia Select funds from public mutual.
|Pure Indonesian Funds||6 months return (%)||1 Year Return ended in Dec 9, 2011 (%)|
|MAAKL Indonesia Equity||-5.93||-7.70|
|OSK-UOB Indonesia Equity Growth||-3.04||N/A|
|PB Indonesia Balanced||3.17||8.91|
|Public Indonesia Select||2.75||7.96|
This probably tells you that you should buy from the largest unit trust company in Malaysia or it is too early to tell anything now since unit trust is merely for long term investment. I used to have the Public Indonesia Select fund but I have already sold most of them as the return is not as good as the rest. Perhaps I should invest again in this fund?
My take whether we should invest in Indonesia? Yes, let's go for it. Investing in unit trust is a good start. What is your take?