S&P lifted Indonesia to Investment Grade

Credit rating agency S&P finally lifted Indonesia’s sovereign debt rating to Investment Grade. While Fitch and Moodys’ lifted country’s rating to investment grade already years ago, S&P had not until today given upgrade to Indonesia. This is a very positive development for Indonesia as now many conservative investment managers can start to allocate investments to…

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JOM in media

A Nordic business media HedgeNordic published an interview with Portfolio Manager Juuso Mykkänen in its latest special report on Emerging & Frontier Markets targeted to professional investors in the Nordic countries. The article can be read here: JOM – HedgeNordic.


JOM Komodo — best in class one year performance globally

The renowned international analysis company Citywire listed 63 best performing emerging Asia equity funds and managers based on one year performance. JOM Komodo and its chief portfolio manager Mr Juuso Mykkänen took the first place by a clear margin. In addition, Morningstar, a leading independent fund rating provider has awarded the highest ranking of five…

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The Effects of the US Presidential Election on the Asian Stock Markets

The unpredicted win pulled off by Donald Trump unsurprisingly triggered a sell off across the global stock markets. However, the strong initial market reactions hardly tell much about the direction of Asian stock markets in the long run. As Trump’s policies are still a big question mark, it is difficult to predict what will happen….

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Meeting companies in Hanoi, Vietnam and Jakarta, Indonesia

In our recent visit to the area we concentrated mostly on meeting companies that we have not met before, however, especially in Jakarta we also met with numerous “old friends” to learn about recent business developments and demand situation in their underlying markets. The most notable development in both of these massively populated countries (Indonesia…

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Indonesia’s positive cycle

We have highlighted lately many positive factors regarding Indonesia’s situation. We believe that the country is currently experiencing a relatively robust positive cycle driven by the following factors: Politics: Since his election, the President Jokowi (Joko Widodo) has been able to grow his political capital promptly, which has supported the implementation of positive economic reforms…

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Brexit & Indonesia’s Tax Amnesty

Direct economic effects of Brexit on our focus markets in Asia are marginal at most, though the normal fear factors (fund flows) caused some additional volatility also in Asia when the vote result came out in the morning of June 24th. The declining euro, however, somewhat supported our fund values. Now, as the political situation…

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Central bank of Indonesia (BI) focuses on growth

BI cut rates by 25bps on 16th June to 6.5%. More rate cuts are on their way as current account deficit has been stable at around 2% of GDP, inflation was only 3.33% YoY in May and external situation has been relatively stable. BI will also reduce loan-to-value ratio on housing market plus they also…

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Responsible Investing Report for year 2015 has been published

The year 2015 was our first calendar year as a member of FINSIF (Finland’s Sustainable Investment Forum Ry). Responsible investing is highly important in our target markets, in the emerging and frontier Asia, where both states and companies are typically lagging behind in the field of ESG. The report introduces the central criteria used in the ESG screening of our target companies,…

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Mr Rodrigo Duterte is the next President of the Philippines

Presidential elections were held in the Philippines on the 8th of May. Mr Rodrigo Duterte, 70, was voted as the next President by a very wide margin. He is a long-term Mayor of Mindanao’s largest city, Davao. Mr Duterte has been considered as Donald Trump of the Philippines due to his controversial and populist comments…

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