ETF Trends
ETF Trends

An international based ETF that has seen a significant uptick in trading activity in recent sessions is iShares MSCI Thailand Investable Market (NYSEArca: THD).

Unique in its class in delivering equity exposure to the Thailand local market, the fund debuted in early 2008 and has accumulated about $800 million in assets under management.

From a sector standpoint, the fund is tilted towards Financials (31.15% of the basket), Energy (20.94%) and Basic Materials (14.33%) as the top sector weightings.

Relative strength performance has been impressive in 2012 for THD, as the ETF has rallied 23.76% versus iShares MSCI Emerging Markets (NYSEArca: EEM) which is up 6.71%. And in the trailing one year period, THD is up 11.69% versus EEM down 16.07% so it is clear that the recent “softness” that has occurred in Chinese equities has not rippled through Thailand.

The fund generally averages 276,000 shares on an average daily basis but in the past 7 trading sessions, the ETF has traded between 500,000 and 750,000 shares on several occasions, and judging by net creation activity, it is clear that
institutional accumulation is occurring as we have witnessed approximately $50 million enter the fund recently.

iShares MSCI Thailand Investable Market

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