Business & Finance
Indonesia Selloff Lures $29 Billion South African Money Manager
Key Points
Indonesia Selloff Lures $29 Billion South African Money Manager A selloff in Indonesian assets that accelerated during the Iran war has created a buying opportunity, prompting a South African money manager with $29 billion in assets to enter the market. The Jakarta Composite Index is the world’s worst-performing benchmark this year, down more than 35% in dollar terms among the 92 equity indexes tracked by Bloomberg. The selloff has largely been driven by MSCI Inc.’s January warning that...
Indonesia Selloff Lures $29 Billion South African Money Manager
A selloff in Indonesian assets that accelerated during the Iran war has created a buying opportunity, prompting a South African money manager with $29 billion in assets to enter the market.
The Jakarta Composite Index is the world’s worst-performing benchmark this year, down more than 35% in dollar terms among the 92 equity indexes tracked by Bloomberg. The selloff has largely been driven by MSCI Inc.’s January warning that Indonesia could be downgraded to frontier-market status due to investability concerns and the limited number of shares available.
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