Market Vectors ETFs marketing director Ed Lopez said Indonesia has grown rapidly over the past several years and is well positioned to continue to prosper, with an economy supported by rising domestic consumption and higher levels of disposable income.
"In our view, smaller cap companies that generate the majority of their revenues in the local market provide the best way for investors to gain exposure to the domestic growth story. In that regard, IDXJ provides a complement to our broader-based Indonesian ETF, IDX," Lopez said.
IDXJ is the second ETF launched by Market Vectors, which focuses exclusively on Indonesia and seeks to replicate the price and yield performance of Market Vectors Indonesia Small-Cap Index (MVIDXJTR).
Created by Market Vectors Index Solutions, MVIDXJTR was developed as tailor-made, investable indices that seek to provide exposure to a given country or region.
