I'm spicing up my portfolio with some Thai
The Thai economy is leading the recovery and looks like it may stay that way.
This seems to be an investment in the right country and the right industries at the right time to take full advantage of the world recovery.
When I look at a country fund I look not only to see if that country's GDP is growing faster than the world's GDP but also the technical price momentum of the fund. The Fund's price has also been on a tear with 13 new highs in the last 20 sessions including a price increase of 10.02% in the last month. Barchart's technical indicators have 12 of 13 buy signals for a 96% overall buy rating. The 14 day Relative Strength Index is at 75.10% and on the rise. The stock trades at 11.66 well above its 50 day moving average of 10.48.
The Fund has a following on Motley Fool with the CAPS members voting 60 to 6 and the All Stars voting 20 to 2 that the stock will beat the market.
If you're interested is investing in a segment of the world's economy that appears to be ahead of the recovery curve consider the Thia economy and look at the Thai Fund ( TTF). Points to consider:
- An economy on track to grow by 12% per annum
- A diversified portfolio in the sectors poised to reap profits from a world recovery
- A broad and positive investor following
- Recent upward price momentum that is expected to beat the market as a whole
Disclosure: No positions in the stock mentioned at the time of publication
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Serious issues like drought and the deterioration of the developed world spell opportunity for this industry leader.
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