Lim keeps faith in Indonesian democracy

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Barings' SooHai Lim has increased his weighting to Indonesia believing the country's strong growth since becoming a democracy is set to continue.

Lim, who manages the $166m (£144m) Association of South-East Asian Nations (Asean) Frontiers fund, says Indonesia has vast scope for growth. The country, which emerged from 30 years of dictatorship in 2004, has a population of about 230 million and GDP per capita of $2,800. Lim says while the country was the worst performer in the aftermath of the Asian financial crisis in 1998, it was the best performer following the global financial crisis 10 years later, with the MSCI Indonesia index up over 100%. His conviction in the country has led Lim to build up a 22.2% weighting to it in t...

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