92.23 -0.01 (-0.01%)
After hours: 4:00PM EDT
|Bid||17.91 x 800|
|Ask||92.15 x 1000|
|Day's Range||91.21 - 92.38|
|52 Week Range||80.99 - 95.13|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.94|
|Expense Ratio (net)||0.59%|
The iShares MSCI Thailand ETF (NYSE: THD), the lone U.S.-listed exchange traded fund dedicated to Thai equities, is up 7.37 percent this year, a disappointing performance for a fund known to overshoot when broader emerging markets benchmarks rally. A national election in Thailand is slated for March 24 and concerns regarding the outcomes of the election could be suppressing THD's upside over the near term. “Developments in the lead-up to Thailand's election on 24 March underscore the political cleavages that persist as the country returns to civilian rule,” said Fitch Ratings in a recent note. “We noted political uncertainty around the transition as a constraint to Thailand's 'BBB+' rating in our last rating review in December.
The iShares MSCI Emerging Markets ETF (NYSE: EEM) actually outperformed the S&P 500 by nearly 2.5 percentage points in January. For emerging market investors, this recent rally is sorely needed as EM equity took a beating in 2018. Using the Emerging Markets Stocks ETFs Q-Folio—an AI-based portfolio model from research platform Quantamize—we can see which emerging markets we should consider going over- or underweight in our portfolios.
No sooner had I penned the words that "there's no way" Thai Princess Ubolratana Rajakanya had decided to run for prime minister for a left-leaning party without clearing the move with the Thai king, who is her brother, than it became very clear she had not cleared it with him at all.
As the U.S. and China duke it out over the ongoing trade war disputes, other Asian economies and country-specific ETFs could benefit from the side. Some researchers argue that countries exporting similar products that compete with China could end up as beneficiaries in the trade war between the U.S. and China, the Wall Street Journal reports. For example, Bank of America Merrill Lynch economists predict Taiwan, Vietnam and South Korea have the most to gain, given the countries' similar export profiles to China.
Multiple key Asian economies released their Purchasing Managers' Index data for July this week. Most countries noted diminished production during the month, but why was this the case? Let's take a closer look.