iShares MSCI Thailand ETF (THD)
| Assets | $241.94M |
| Expense Ratio | 0.59% |
| PE Ratio | 14.27 |
| Shares Out | 4.20M |
| Dividend (ttm) | $1.96 |
| Dividend Yield | 3.36% |
| Ex-Dividend Date | Jun 16, 2025 |
| Payout Frequency | Semi-Annual |
| Payout Ratio | 48.95% |
| Volume | 51,096 |
| Open | 57.59 |
| Previous Close | 57.19 |
| Day's Range | 57.59 - 58.47 |
| 52-Week Low | 45.23 |
| 52-Week High | 69.99 |
| Beta | 0.60 |
| Holdings | 95 |
| Inception Date | Mar 26, 2008 |
About THD
Fund Home PageThe iShares MSCI Thailand ETF (THD) is an exchange-traded fund that is based on the MSCI Thailand IMI 25-50 index, a market-cap-weighted index of the Thai equity market. THD was launched on Mar 26, 2008 and is issued by BlackRock.
Top 10 Holdings
54.08% of assets| Name | Symbol | Weight |
|---|---|---|
| DELTA ELECTRONICS (THAILAND) NON-V | DELTA-R.BK | 10.34% |
| ADVANCED INFO SERVICE NON-VOTING D | ADVANC-R.BK | 7.48% |
| PTT NON-VOTING DR PCL | PTT-R.BK | 7.24% |
| CP ALL NON-VOTING DR PCL | CPALL-R.BK | 5.73% |
| BANGKOK DUSIT MEDICAL SERVICES NON | BDMS-R.BK | 5.31% |
| GULF DEVELOPMENT NON-VOTING DR PCL | GULF-R.BK | 4.16% |
| SIAM CEMENT NON-VOTING DR PCL | SCC-R.BK | 4.00% |
| AIRPORTS OF THAILAND NON-VOTING DR | AOT-R.BK | 3.65% |
| PTT EXPLORATION AND PRODUCTION NON | PTTEP-R.BK | 3.53% |
| TRUE CORPORATION NON-VOTING DR PCL | TRUE-R.BK | 2.64% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 16, 2025 | $1.196 | Jun 20, 2025 |
| Dec 17, 2024 | $0.76612 | Dec 20, 2024 |
| Jun 11, 2024 | $1.13826 | Jun 17, 2024 |
| Dec 20, 2023 | $0.66037 | Dec 27, 2023 |
| Jun 7, 2023 | $1.20607 | Jun 13, 2023 |
| Dec 13, 2022 | $0.58496 | Dec 19, 2022 |
Performance
THD had a total return of 0.45% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.63%.
News
THD: This Thailand ETF Won't Make You Smile
THD has underperformed the other Asian ETFs, with limited diversification, due to heavy concentration in a few stocks. The Thai baht's strength provided some backwind for THD, but this may reverse in ...
APAC Equities: The Sensitivity To Oil Prices
Among APAC equity markets, Australia has a higher beta to oil prices while India, Indonesia and Thailand have lower betas. Domestic political uncertainties have been one main reason for the decoupling...
THD: Thai Stocks Have Been A Poor Choice For International Investors
THD has performed very poorly over the past decade, offering a -7% return with dividends reinvested. The ETF is heavily exposed to slower growing sectors and firms, with just a 1% allocation towards t...
Country ETFs Since Liberation Day And Pause Day
The S&P 500 (SPY) rallied 5.7% this week but remains down 5.4% since the close on "Liberation Day" on 4/2. The average country ETF is down 4% since 4/2, so SPY has underperformed that since Trump's Ro...
THD: Dissecting The Big Thailand Rally
Not much has actually changed for the long-term Thailand investment case. Recent drivers have been short-term oriented and are likely to fizzle out eventually. I won't be chasing the recent Thai rally...
Thailand could be 'prime beneficiary' of rate cuts in developed markets: CIMB Group CEO
Novan Amirudin, CIMB's Group CEO, talks about the banking environment across Southeast Asia, and why he's positive about Thailand's position relative to global & developed markets.
Market strengths here… and abroad
Market strengths here… and abroad.
Highest And Lowest Country ETF Dividend Yields
US equities have outperformed the rest of the world for a long time now. While the US is up 58% on a total return basis during the current bull market, the rest of the world is up 13.5 percentage poin...
THD: Macro Improvements Point To Full Recovery In 2025
Thailand's economy should fully bounce back by late 2024 or early 2025, but growth still lags behind regional peers. The World Bank projects Thailand's economy to grow by 2.4% in 2024 and 2.8% in 2025...
THD: Thailand Stocks Continue To Weaken, Look For A Buying Opportunity
Thailand stock market underperforms due to weak tourism, exports, and political instability, leading to a significant decline. The decline has seen some cheapening up of valuations, particularly compa...
THD: Baht Suffers From Governance Issues
Thailand's political situation is pretty unstable, and markets are reacting to a corollary of that, which is a scramble to get political rate policy done at the central bank. The baht is down, and mar...
THD: Thai Equities Are Still Too Pricey
Thailand has not been a happy hunting ground for investors in recent years. The macro/micro setup offers little hope of an equity turnaround anytime soon. Pending a step change in the fundamental outl...
ASEAN Economic Outlook In 2024
The total nominal GDP of the ten ASEAN nations measured in US dollar terms amounted to USD 3.6 trillion in 2022, more than doubling compared with total GDP of USD 1.6 trillion in 2009. Singapore's GDP...
THD: Not Terribly Compelling
Thai markets have performed poorly, but the macroeconomic and monetary situation is stable and fiscal stimulus is expected. However, the somewhat higher PE ratio remains, and there are high expense ra...
THD: Beware Of Thailand's 'Helicopter Money' Plans
Thailand's political overhang has finally cleared. Instead, markets will now have to contend with a fiscal overhang. Thai valuations are still pricey and remain vulnerable to future disappointments.
THD: Dicey Macros, But The Risk-Reward Is In A Better Place
iShares MSCI Thailand ETF offers coverage to less than 150 Thai stocks. The Thai economy is currently facing challenges, with lower-than-expected GDP growth, weak industrial conditions and an unappeal...
THD: Thailand Is Pricey Despite The Political Overhang
The near-term macro backdrop isn't great for Thai equities. Nor is the ongoing political wrangling post-elections. The iShares MSCI Thailand ETF is still pricing in a blue-sky outcome and looks vulner...
Thai Media Corporations Seeing Content Growth Outside Thailand
Shrinking advertising revenue is forcing Thai broadcasters to pursue growth via global content distribution, driving premium content production, including with partners outside Thailand. Lower adverti...
THD: Outlook Improves In 2023
Thailand's economy is poised for recovery, with tame inflation and potential tourism resurgence in 2023. Equities are trading at reasonable valuations, but other emerging markets may offer more compel...
THD: Tourism Rebounding However Thai Equities Not Compelling As Exports Slow
Emerging Market stocks look cheap in general, although Thai stocks are not particularly cheap versus their historical valuation range. Investors rationally are acknowledging the strong tourism rebound...
THD: China-Led Tourism Rebound To Reignite The Thai Growth Story
The iShares MSCI Thailand Capped ETF looks poised for a better 2023 as the Chinese reopening gets underway. The ETF's diversification allows investors to benefit from the first and second-order effect...
Amid 2022's Equity Pain, Southeast Asia Has Been An Overlooked Gem
Against the challenging environment and increasingly dimming economy globally in 2022, Southeast Asian countries represent a rare part of the world that have delivered impressive resilience. The heavi...
THD: Thai Equities Are Probably Trading At Close To Fair Value With An Unexciting IRR Profile
THD invests in Thai equities. The fund has actually out-performed the United States' S&P 500 index in recent times.