EIDO - Indonesia ETF: Wait For Election Season To Be Over
Investor Takeaway
Election season is in March of this year for Indonesia. iShares MSCI Indonesia ETF (EIDO) priced in the possibility of the trade dispute improving among the U.S China showing signs of improvement. Bank Indonesia held its key rate constant amid the dovish tilt of the Federal Reserve. There is a possibility for the current president to lose in the elections ahead due to doubts of his religious credibility. Hence, investors should limit exposure to EIDO - if possible, postponed until the elections in March are conducted.
ETF Breakdown
EIDO, the Indonesia