The Thailand ETF “provides exposure to an emerging market with sufficient infrastructure, a relatively skilled workforce, and a government that generally supports trade and investment,” says Morningstar analyst Patricia Oey in a profile of the fund. Oey notes that exports account for about 60% of Thailand’s GDP.
“The government has implemented programs to stimulate domestic consumption and promote infrastructure spending,” she added. “Thailand has been one of the best-performing equity markets in the world over the past decade.”
THD has slipped about 4% the past week but remains up roughly 8% year to date. Trading volume has bumped higher in recent sessions.
The ETF has fallen below its 50-day simple moving average, which has provided strong support for nearly a year.
iShares MSCI Thailand ETF
Full disclosure: Tom Lydon’s clients own EEM.