Posted inSoutheast Asia

Top five Indonesian funds for an election year

FSA highlights the five best performing Indonesian funds over the past three years, based on FE fundinfo data.
Focus on Indonesia on the Map. Source: "World reference atlas"

Indonesia represents the first major milestone in what is being dubbed the year of democracy as investors brace themselves for elections involving two billion voters globally.

Early indications suggest that controversial former general Prabowo Subianto is on course for a landslide victory following the tacit support of outgoing president Joko Widodo and a clever social media campaign.

Widodo, better known by his nickname Jokowi, has overseen tremendous economic growth during his decade in power, helping leverage Indonesia’s vast nickel resources to build the archipelago of 300 million people into a crucial part of the world’s EV supply chain.

However, equity market performance last year was more subdued, with the MSCI Indonesia index up 8.36% compared with a 20.62% for the broader emerging market index ex China.

Against this backdrop, FSA highlights the top five performing Indonesian funds during the previous three years, according to data from FE fundinfo.*

Ashmore SICAV Emerging Markets Indonesian Equity fund

The $5.4m Ashmore SICAV Emerging Markets Indonesian Equity fund invests a minimum of 85% of its net asset value (NAV) in securities traded in Indonesia and topped the list despite recording a -0.66% return last year.

Schroder Dana Prestasi Plus fund

The Schroder Dana Prestasi Plus fund invests at least 80% of its NAV in large market cap stocks in Indonesia and as of last month had Rp6.6trn ($418.2m) in AUM.

Fidelity Indonesia fund

The $215m Fidelity Indonesia fund achieved outsized returns of 5.44% last year compared with the sector thanks in part to its overweight to financials.

Schroder Dana Kombinasi fund

The Schroder Dana Kombinasi fund aims to achieve growth through investing in a mixture of equity securities, debt securities and money market instruments including deposits.

JP Morgan Indonesia fund

The JP Morgan Indonesia fund is managed by Chang Qi Ong and Stacey Neo and invests at least 70% of its NAV in equities securities linked to the Indonesian economy.

*Returns are measured in US dollar terms. The data only includes funds available to Singapore and/or Hong Kong investors based on the Indonesia sub-segment classified by FE fundinfo. This is not an exhaustive list of all strategies.

Part of the Mark Allen Group.