Thai stocks could also be supported by the country’s Social Security Office’s bid to up its equity positions while trimming its holdings of sovereign debt. “The fund has overweight holdings on commerce, telecommunication and health-care companies as they’re less affected by energy prices and slower global growth,” according to Bloomberg.
Telecommunications, health care and consumer sectors combine for about a quarter of THD’s weight.
iShares MSCI Thailand Capped ETF
Chart Courtesy: Captain John Charts