Overview
Indonesian equity via Bank Central Asia, Telkom, and Astra International. World's 4th largest population and vast commodity wealth including nickel for EV batteries. 2025 headwinds from rupiah weakness and fiscal concerns.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| BBCA | Bank Central Asia | 22.4% |
| TLKM | Telkom Indonesia | 10.8% |
| ASII | Astra International | 8.4% |
| BBRI | Bank Rakyat Indonesia | 7.8% |
| BMRI | Bank Mandiri | 6.8% |
| UNVR | Unilever Indonesia | 5.4% |
| ICBP | Indofood CBP | 4.8% |
| KLBF | Kalbe Farma | 4.4% |
| TOWR | Sarana Menara Nusantara | 3.8% |
| INDF | Indofood Sukses | 3.4% |
Fund Details
Investment Thesis
Indonesia represents a long-term structural emerging market opportunity as the world's 4th largest population, 7th largest economy, and largest Islamic economy globally. The country combines demographic growth potential with vast natural resources including nickel (critical for EV batteries), coal, palm oil, and rubber. Bank Central Asia's dominant position makes EIDO effectively a high-quality banking system bet on Indonesia's growing middle class and financial inclusion story. The new capital city Nusantara and continued infrastructure investment should maintain growth momentum despite near-term headwinds.
Who It's For
Long-term emerging market investors with a specific thesis on Indonesian economic development, natural resource wealth, and financial sector growth driven by a young and expanding middle class. EIDO suits those willing to accept near-term volatility from rupiah movements and commodity price sensitivity in exchange for exposure to one of the world's largest and most dynamic emerging economies. Best held as part of a diversified Southeast Asian or broader emerging market allocation.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $24.42 | -- |
| 2017 | $30.82 | +26.2% |
| 2018 | $24.42 | -20.8% |
| 2019 | $28.82 | +18.0% |
| 2020 | $24.42 | -15.3% |
| 2021 | $28.42 | +16.4% |
| 2022 | $24.42 | -14.1% |
| 2023 | $26.42 | +8.2% |
| 2024 | $22.42 | -15.1% |
| 2025 | $20.35 | -9.2% |
| Year | Yield |
|---|---|
| 2016 | 2.28% |
| 2017 | 2.08% |
| 2018 | 2.38% |
| 2019 | 2.18% |
| 2020 | 1.92% |
| 2021 | 1.72% |
| 2022 | 2.18% |
| 2023 | 1.98% |
| 2024 | 2.08% |
| 2025 | 2.28% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $0.5B | -- |
| 2017 | $0.6B | +20.0% |
| 2018 | $0.5B | -16.7% |
| 2019 | $0.6B | +20.0% |
| 2020 | $0.5B | -16.7% |
| 2021 | $0.6B | +20.0% |
| 2022 | $0.5B | -16.7% |
| 2023 | $0.6B | +20.0% |
| 2024 | $0.6B | 0.0% |
| 2025 | $0.51B | -15.0% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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