About EIDO ETF
The iShares by BlackRock Indonesia ETF (EIDO) offers a lot of exposure to financial goods and consumers of large and mid-sized companies in Indonesia and is managed by BlackRock that has a total AUM of $6.28T.
EIDO is an exchange-traded fund incorporated in the USA in May 2010. EIDO is a market like portfolio that captures the Indonesian market extremely well.
About the Fund Manager:
Founded in 1988, Blackrock is the largest asset manager in the world managing $6.28T. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries. Due to its power and the sheer size and scope of its financial assets and activities, BlackRock has been called the world's largest shadow bank.
The ETF seeks to track the investment results of an index composed of a broad range of companies in Indonesia.
EIDO has invested in Financials (38%), Consumer, Non-Cyclical (16%), Consumer Cyclical (12%), Telecommunications (11%), and Basic Materials (8%).
EIDO has invested 100% of its assets in Indonesia.
It tracks the same index as the benchmark, which means EIDO offers a lot of exposure to financials and consumer goods (one-third of the portfolio), with telecoms being another major component of the portfolio.
According to ETFdb.com, "For investors seeking greater exposure to the Indonesian market, EIDO is one of the only 'pure play' option available."
Investopedia article about Indonesia ETFs (EIDO, IDX)
Interest In Indonesia ETFs
How did we identify this ETF:
A complete pool of 2100+ ETFs are screened on various qualitative and quantitative parameters to evaluate efficiency, tradability and fit. The metrics used were alpha, beta and R - squared with respect to the segment benchmark and ETF specific metrics such as expense ratio, drawdown, volatility and the overall rating. We evaluate all ETFs and assign a composite score based on our analysis and then select the top ones in a category based on that comprehensive score by the inhouse research / quant analysts team. With strong volumes and tight spreads, EIDO offers decent efficiency and has a reasonable expense ratio for a single-country fund and effective fund management that earns back some of that fee. The strategy is rebalanced on a quarterly basis with the rebalancing mechanism being determined by an algorithm that takes into account the overall performance of the strategy so far.