Thailand turmoil: The ten EM funds most exposed to the region

Thailand has been gripped by political unrest since last November, with its stock market enduring a tumultuous ride over the last seven months, but which funds have maintained their overweights, and how have they fared?

Back in November the region - which is popular with many of the largest emerging markets funds - was engulfed by protests aimed at removing the political influence of former Prime Minister Thaksin Shinawatra. Months of turmoil followed, and culminated last week with the Thai army declaring martial law, suspending the constitution in a bid to re-establish peace in the country. Surprisingly, the Thai market did not reflect the severity of the event for most of the week, as the Exchange of Thailand SET index continued on an upward trajectory until Thursday. On Friday the market did fa...