Prudential launches Indonesia equity fund

Chief executive officer Lynn Cheah said Indonesia had been on the radar of global investors lately and its gross domestic product had nearly doubled over the last five years.

“The nation is expected to have strong earnings growth and the Government is working hard to secure strong foreign direct investments. Indonesia is well placed to take advantage of the strong demand in commodity as it is the world's largest exporter of coal, the third largest natural gas exporter and the world biggest palm oil producer,” she said at the media briefing on the fund yesterday.

The minimum investment amount is RM 1000 and minimum additional investment is RM100.

Prudential Asset Management (Singapore) Ltd Asian equity investment director Chow Wing Kin said Indonesia was one of the fastest growing economies in Asia.