Indonesia remaining out of favour with investors

Fund managers are shying away from the Indonesian market as political instability and Millennium Bug problems continue to dog investor confidence The outlook for Indonesia appears more positive following a relatively smooth outcome to the election with the appointments of Abdurrahman Wahid, a Muslim moderate as president, and Megawati Sukarnoputri as vice-president. Even so the country is hardly a byword for stable government James Hancocks, fund manager at Investec Guinness Flight, says despite positive sentiment, he will not consider investing in the market until after the new year due ...