Wirjawan also said in the same story that he and the rest of the government officials responsible for economic development in Indonesia could sleep for the next five years and the economy would still grow 6% a year.
From last year's performance of IDX, it does indeed look as though the economy is on cruise control. The fund advanced 200% from the end of last March to the end of 2009.
So far in 2010, IDX and EWM have led the way amongst emerging market ETFs in Asia and have even done better than funds representing the BRIC countries. Some political flare-ups could occur and have the potential to hurt growth in these countries, but this is true for most emerging markets as well as many developed markets and is extremely difficult to predict.
I see no reason why the outperformance trend of these two funds will not continue, making these ETFs a great way to diversify an international portfolio beyond the obvious choices.-- Written by Don Dion in Williamstown, Mass.