Ray Dalio, Jeffrey Sachs Tapped To Advise Indonesian Sovereign Wealth Fund During Economic Fallout
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 24 2025
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Source: Benzinga
Advisors for Indonesia's Wealth Fund: Indonesia has appointed Ray Dalio and Jeffrey Sachs as advisors to its new sovereign wealth fund, Danantara, amid concerns about governance and potential political interference under President Prabowo Subianto.
Investor Concerns and Market Impact: The appointment comes as investor worries over the fund's transparency have contributed to a significant decline in Indonesia's stock market, with the iShares MSCI Indonesia ETF dropping over 12% since the fund's announcement.
Analyst Views on EIDO
Wall Street analysts forecast EIDO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EIDO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 19.050
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Current: 19.050
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
