The iShares MSCI Indonesia Investable Market Index Fund (NYSE: EIDO ) also earned an Underweight rating from S&P, though that ETF has surged 10.7 percent on a year-to-date basis. EIDO and rival Indonesia ETFs have been buoyed by the country's strong domestic demand story . Amid rising inflation and slack materials demand, the Jakarta Composite and EIDO will likely need strong contributions from discretionary and staples shares to continue to the upside.