Indonesia ETFs Slip After Credit Suisse Downgrades the Developing Economy
This article was originally published on ETFTrends.com.
The sharp global rally left Indonesia country-specific exchange traded funds in the dust after Credit Suisse Group AG downgraded Indonesian equities to a sell rating in anticipation of a weak phase ahead. On Tuesday, the iShares MSCI Indonesia ETF (NYSEArca: EIDO) fell 1.2% and VanEck Vectors Indonesia Index ETF (NYSEArca: IDX) dropped 1.0% while the benchmark [...]