The Recent Surge In Indonesia And Malaysia ETFs.

The Market Vectors Indonesia ETF is up 40% year to date while the iShares MSCI Malaysia Index Fund is up 30% over the same time frame.

For anyone that follows emerging markets ETFs, this won't come as a surprise, but inflows to funds tracking Indonesia and Malaysia have surged this year.

BlackRock, parent company of iShares, the largest ETF issuer in the world, said inflows to Indonesia ETFs have more than doubled to $469.2 million through the first nine months of this year compared to $167.5 million for all of 2009.

Malaysian ETFs have garnered $346.1 million in new investments, compared with $71.1 million in 2009.

Specifically, IDX has attracted $340 million in new cash this year and the iShares MSCI Indonesia Investable Market Index Fund (EIDO) has landed more than $200 million assets and that fund made its debut less than six months ago.

EWM has landed $268 million in new cash through the first nine months of 2010.

The inflows may not be stopping, either.

Indonesia's stock market is forecast to see annual earnings growth of 18.5% in 2010 rising to 21.5% next year, according to Citigroup, while Malaysian earnings are projected to increase 24.9% this year before slowing to 12.9% in 2011, according to the Financial Times.