Macro Monday 53 - Indonesia – Palm Oil Capital of the WorldMacro Monday 53
Indonesia – Palm Oil Capital of the World
This week we are looking at all the reasons why Indonesia is one of the fastest growing economies in world and projected sustain this growth well into the future. We will learn how it is incredibly diverse this group of islands are in pr
Key stats
About ISHARES TRUST MSCI INDONESIA ETF
Home page
Inception date
May 5, 2010
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
EIDO provides a market-like portfolio that captures the Indonesian equity space. The fund offers a broad-based exposure, capturing roughly 99% of the free float-adjusted market capitalization in Indonesia. The fund complies with the regulated investment companies (RIC) limits under the current US Internal Revenue Code, wherein no single issuer can exceed 25% of the index weight, and all issuers with weights above 5% do not cumulatively exceed 50% of the index weight. EIDO uses a representative sampling strategy, holding a sample portfolio that has similar profile to the index, which is rebalanced quarterly starting each February. The fund may also invest up to 10% of its assets in futures, options and swap contracts.
Classification
What's in the fund
Exposure type
Finance
Stock breakdown by region
Top 10 holdings
If you can't beat them, join them !Read article here
Sadly, many people around the world, not just Indonesia are still taking the Covid-19 virus lightly.
I can almost hear them saying these :
It can't be me ;so they say and go about their daily lives.
This is the government job, not mine !
The animals have spoken at last, s
EIDO on downside riskBased on price below MA200 and all of its respective moving average, we see that EIDO is on the downside risk. Price are on trend line support. If it fall below 24.35, we see a future downside to 22.14 with minor target of 23.25.
Anyone who trade Indonesia stocks should aware with this.
#GaleriSah
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
EIDO trades at 316.260 MXN today, its price hasn't changed in the past 24 hours. Track more dynamics on EIDO price chart.
EIDO net asset value is 367.31 today — it's risen 3.82% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
EIDO assets under management is 6.39 B MXN. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
and its yearly performance shows a −7.57% decrease. See more dynamics on EIDO price chart.
NAV returns, another gauge of an ETF dynamics, showed a −9.70% decrease in three-month performance and has increased by 2.27% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −9.70% decrease in three-month performance and has increased by 2.27% in a year.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
EIDO invests in stocks. See more details in our Analysis section.
EIDO expense ratio is 0.59%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, EIDO isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, EIDO technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating EIDO shows the strong sell signal. See more of EIDO technicals for a more comprehensive analysis.
Today, EIDO technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating EIDO shows the strong sell signal. See more of EIDO technicals for a more comprehensive analysis.
Yes, EIDO pays dividends to its holders with the dividend yield of 5.09%.
EIDO trades at a premium (8.29%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
EIDO shares are issued by BlackRock, Inc.
EIDO follows the MSCI Indonesia IMI 25-50. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on May 5, 2010.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.