The foreign outflows from Thai stocks in January compare with $529 million of net inflows into the Philippines and $19 million into Indonesia, according to Bloomberg. EPHE has added $72.2 million in new assets this year.
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. [Good Fortune for the Thailand ETF]
iShares MSCI Thailand Capped ETF
ETF Trends editorial team contributed to this post.