The outlook for
is looking much improved in the wake of unrest in the country in
May, which hurt tourism and foreign investment. Flash forward a few
months later, and things look different for Thailand and its
exchange traded fund (
Thailand's Finance Minister raised Thailand's GDP growth
projection, again, to 7.3% to 7.8% from the previous 5% to 6%
reports Tim Johnston for Financial Times
. Pessimists believed that Thailand's economy, with its heavy
emphasis on exports at 65% of GDP, would begin to slow as demand
from developed countries diminish. [
Thailand ETF Rises Above Political Turmoil.
Exports are expected to increase 25%, vehicle production, which
is 11% of GDP, is calculated to jump 66% year-over-year.
Thailand''s stock market
is at a 14-year high and the baht is also at a 13-year high.
However, Japan, the largest foreign investor in Thailand,
recently reported that 67% of companies believe further civil
unrest will have an impact on their investment decisions.
Sales of electronics and automobiles boosted the economy's
expansion to 9.1% in the second quarter, but Satit Rungkasiri, head
of the ministry's Fiscal Policy Office, warns that a strengthening
baht and weaker economic recovery in the developed countries will
hamper Thailand's second-half growth,
writes Suttinee Yuvejwattana for Bloomberg
The Potential of Emerging Market ETFs.
For more information on Thailand, visit our
. If you're looking for exposure to Thailand, the ETF is well above
its long-term trend line. Be mindful of the risks - politically,
there's turmoil that remains - and
have an exit strategy
if the upset derails this ETF's performance.
iShares MSCI Thailand Invest Mkt Index (NYSEArca:
is up 23% in the last three months
Max Chen contributed to this article.