RPT-FUNDVIEW-Infrastructure, consumers to drive Indonesia stocks

(Repeats story sent Friday with no change to text)

* Overweight infrastructure, consumer, and commodity stocks

* Infrastructure is a long-term, multi-year play

* Domestic consumption to continue supporting GDP growth

By Tyagita Silka

JAKARTA, Sept 11 (Reuters) - Indonesia's infrastructure, consumer, and commodity sectors are the three with the most potential for strong equity returns, a leading fund manager told Reuters in an interview.

Alvin Pattisahusiwa, Head of Equity in Fortis Investments, helps run the $683 million Fortis Ekuitas fund, which is one of the top-performing funds in Asia this year.

The fund has risen 111 percent year-to-date, according to data from Thomson Reuters fund research firm Lipper, outperforming the Indonesia Composite Index .JKSE which has gained 79 percent so far this year.

The Fortis fund is overweight stocks that benefit from Indonesia's strong growth, which is seen at 3.5-4 percent this year, its abundant commodities, strong consumer demand in a population of 240 million, and the government's focus on attracting investment for infrastructure. "This quarter we like infrastructure, consumer, and commodity," said Pattisahusiwa, adding that declining interest rates also made the property and banking sectors attractive.

He declined to disclose any individual stocks held by the firm, but fund fact sheets showed the top holdings of Fortis Ekuitas at the end of August included leading automotive distributor Astra International (ASII.JK) and the country's biggest telecoms firm, Telekomunikasi Indonesia (TLKM.JK).

Top holdings also included two of the biggest banks, Bank Mandiri (BMRI.JK) and Bank Rakyat Indonesia (BRI) (BBRI.JK), and gas distribution firm Perusahaan Gas Negara (PGN) (PGAS.JK).

Three of the top holdings have outperformed the market, with Astra up 200 percent so far this year, Bank Mandiri up 123 percent, and PGN up 98 percent. BRI has gained 63.93 percent while Telkom is only up 22.46 percent.

"Infrastructure is a multi-year story," said Pattisahusiwa.

"There is still a long way to go for the infrastructure sector because Indonesia really needs the infrastructure, developing toll roads, ports, electricity projects," he said.

RENEWED PUSH

Years of under-investment in infrastructure has held back Indonesia's growth and added to the cost of business. President Susilo Bambang Yudhoyono, who was re-elected in July to a second, five-year term, has promised a renewed push in modernising and expanding infrastructure in Southeast Asia's biggest economy.