|Bid||86.10 x 800|
|Ask||90.71 x 800|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||8.97%|
|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.