Political jitters in Indonesia

Indonesia's close-run elections have unsettled investors. But this US-listed fund is still a buy for the long term.

This week, almost 200 million Indonesians went to the polls to elect a new president. The result, due in ten days' time, is seen as pivotal to the country's direction over the next few years. That's why the recent erosion of the poll lead for the investors' favourite, Joko Widodo, known as Jokowi', has unsettled the Indonesian market the Jakarta Composite index.

Jokowi was a popular governor of Jakarta, where he "forged a reputation for can-do competence and clean government", says The Economist.

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.