IDX offers decent exposure to the Indonesian equity market. The fund provides an extended approach to the space by including not just companies headquartered in Indonesia but also those that generate at least half of their revenue there. IDX aims to hold at least 25 companies until the fund covers approximately 90% of the total market capitalization in Indonesia. As such, the fund selects the largest and most liquid securities, and may also dip into mid and small-caps. Holdings are weighted by market-cap and are constrained such that no individual security exceeds 8% weight of the portfolio. The index is reviewed quarterly.
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