I'm adding the Thai Fund (TTF) my Wall Street Survivor portfolio. The Thia economy continues to be spicy and while the rest of the world seems locked in recession they are managing to grow their GDP by a rate of almost 12%. The Thia Fund is a closed-end, non-diversified management investment company whose primary objective is long term capital appreciation through investments in equity securities of companies organized in Thailand. At the present time most of their investments are in financial services, energy producers, consumer and business services and industrial infrastructure.

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

Jim Van Meerten is an investor who writes on investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.

Disclosure: No positions in the stock mentioned at the time of publication