Market Vectors also offers the Indonesia Small-Cap ETF (IDXJ), though that fund currently has a small asset base ($8 million), small trading volumes and wide bid/ask spreads, making it best suited for long-term investors. The fund's expense ratio is 0.61 percent.

Investors who were wise enough to invest in Japan in the 1960s, South Korea in the 1980s or China in the past decade scored huge gains for one basic reason. Namely, those economies put the foundation in place to build a thriving middle class, which established a self-sustaining pattern of rising domestic consumption. Indonesia appears to be following the same playbook, and long-term investors could reap significant gains as a result. 

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