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ETF trading in secondary market remains dormant
The number of ETF issuers also increased from just one to 16 investment managers during the past 12 years
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Stock brokers monitor the Composite Stock Price Index trading in Jakarta. Similar to a mutual fund, an ETF is a basket of securities which comprise stocks or bonds that often tracks an underlying price index in Indonesia or other countries (JP/Nurhayati)
Riska Rahman
The Jakarta Post/Jakarta
Despite being late to the party, Indonesia’s exchange-traded fund (ETF) has seen exponential growth since its launch 12 years ago.
The investment instrument’s assets under management (AUM) sharply increased to Rp 15.2 trillion (US$1.08 billion) as of October of this year, up from Rp 557 billion when it was launched in 2007.
The number of issuers also increased from just one to 16 investment managers during the past 12 years.
The president director of the Indonesia Stock Exchange (IDX), Inarno Djajadi, said in Jakarta on Nov. 20 that the number of ETFs listed on the bourse also grew impressively over the years, thanks to the increase in the number of their issuers.
