JAKARTA — The Indonesia Stock Exchange (IDX) is gearing up to significantly enhance its offerings, announcing the launch of three new indices in collaboration with S&P Dow Jones Indices LLC. Set to debut on Monday, November 3, 2025, this strategic partnership aims to broaden investment opportunities and provide robust benchmarks for the Indonesian market.
Ignatius Denny Wicaksono, Head of Business Development Division 2 at the IDX, detailed the upcoming additions: the S&P/IDX ESG Tilted Indonesia Equity Index, the S&P/IDX Indonesia Dividend Opportunities, and the S&P/IDX Indonesia Shariah High Dividend. These indices are designed to cater to a diverse range of investor preferences and investment strategies.
The first, the S&P/IDX ESG Tilted Indonesia Equity Index, focuses on companies within the S&P Indonesia BMI LargeMidCap universe that demonstrate strong Environmental, Social, and Governance (ESG) performance, as evaluated by S&P’s comprehensive ESG scoring system. This index, a key component for sustainable investing, was initially released on October 6, 2025, providing a crucial benchmark for ethically conscious investors.
Following this, the S&P/IDX Indonesia Dividend Opportunities index targets Indonesian-domiciled companies within the S&P Indonesia LargeMidCap Index that consistently show positive earnings and attractive dividend payouts. This index, released on October 20, 2025, is tailored for investors seeking income-generating opportunities from well-established companies.
The third and final index, the S&P/IDX Indonesia Shariah High Dividend, measures the performance of Indonesian companies that adhere to the strict criteria of the Indonesia Sharia Stock Index (ISSI) and the S&P Indonesia Shariah BMI Parent Index, with a specific emphasis on those that distribute high dividends. This sharia-compliant index, made available at the end of October 2025, serves a growing segment of investors interested in ethically sound, high-yield options.
According to Denny, the primary objectives behind the launch of these sophisticated indices are to serve as innovative investment products and reliable benchmarks for market participants. The IDX maintains an annual commitment to expand and diversify its index offerings, reflecting its proactive approach to market development.
Denny further emphasized the broader goal: to attract more passive investments, particularly those that track specific indices. He noted a significant shift in market dynamics, with passive investment’s market share having surged from a mere 1% to an impressive 20%. The IDX, through these new collaborations, aims to address the unmet needs within this expanding investment segment.
By providing these meticulously crafted indices in partnership with S&P, the IDX endeavors to cater to all potential investors. This initiative is particularly geared towards drawing in global investors, encouraging them to explore and capitalize on the robust investment landscape offered by the Indonesian market.
Summary
The Indonesia Stock Exchange (IDX) is set to launch three new indices on November 3, 2025, in collaboration with S&P Dow Jones Indices LLC. These additions aim to broaden investment opportunities and provide robust benchmarks for the Indonesian market. The new indices are the S&P/IDX ESG Tilted Indonesia Equity Index, focusing on strong ESG performance; the S&P/IDX Indonesia Dividend Opportunities, targeting companies with consistent earnings and attractive dividends; and the S&P/IDX Indonesia Shariah High Dividend, for sharia-compliant, high-yield options.
These sophisticated indices are designed to serve as innovative investment products and reliable benchmarks for diverse investment strategies. The IDX intends to attract more passive investments, a segment that has seen significant growth, and to cater to both local and global investors. This initiative reflects IDX’s ongoing commitment to expanding its market offerings and enhancing Indonesia’s robust investment landscape.
