The worst may be over for Indonesia’s markets, according to the country’s biggest mutual fund manager.
The rebound in private consumption seen in the second quarter may keep going as the government maintains support to sustain the momentum, says Irwanti, director and portfolio manager at PT Schroder Investment Management Indonesia. The fund manager, who goes by only one name, expects the rupiah to stabilize, which she says will provide support for foreign investors to return to the country’s stock and bond markets.
