THD’s struggles this week have the ETF trading barely above its 50- and 200-day moving averages. The ETF reclaimed its 200-day line in March after not having closed above that moving average since September 2013.
The impact Thai political violence can have on THD cannot be overlooked. Prior to last year’s second-quarter decline on speculation the Federal Reserve was preparing to taper quantitative ease, the largest prior multi-week decline for THD took place in 2010 when the Red Shirts and Yellow Shirts clashed in bloody protests.
iShares MSCI Thailand Capped ETF
ETF Trends editorial team contributed to this post.