EIDO - EIDO: Bet On Post-Coronavirus Recovery Long-Term Growth

• The Indonesian economy, the largest in Southeast Asia, looks overall robust. The country weathered the 2020 global economic storm relatively unscathed since its real GDP slid by only 1.5%.
• While 2020 was sluggish, 2021 is anticipated to be a year of rampant growth, with real GDP going up by 6.1%.
• Analysts are expecting the Indonesian rupiah to improve in 2021 thanks to economic recuperation undergirded by the vaccines.
• EIDO is exceedingly overweight in financials, which account for 39.5% of the portfolio, followed by the communication sector with a 13.3% weight.
• 10-year returns of EIDO are subpar due to the weak performance of the rupiah. But the outlook for the currency's trajectory in 2021 is optimistic.

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