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The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index includes securities of Indonesian companies. A company is generally considered to be an Indonesian company if it is incorporated in Indonesia or is incorporated outside of Indonesia but has at least 50% of its revenues/related assets in Indonesia. Such companies may include small- and medium-capitalization companies. It is non-diversified.

Indonesia plans to embed artificial intelligence in some key government programmes including its $15 billion free meals plan, according to a presidential regulation draft seen by Reuters, part of a strategy that the government believes could lift its gross domestic product by 12% by 2030.

Indonesia's central bank raised interest rates again Thursday as it seeks to support the rupiah and contain inflation risks stemming from geopolitical volatility.

Asian currencies consolidated against the dollar before first decision by a FOMC led by Chairman Kevin Warsh later.

About 10 companies from countries including Indonesia, South Korea and Singapore have filed for Hong Kong listings this year and some others are exploring options, an exchange executive said, as the market's robust IPO momentum lures global firms.

Indonesia is committed to rehabilitate 12 million hectares (29.65 million acres) of degraded land and potentially integrate new tree-planting efforts with its plan to develop carbon offset projects, its forestry minister said in a statement on Tuesday.