TIVA (Thailand, Indonesia, Vietnam, and the continent of Africa) countries will be the next major multi-decade investment theme. This is not a short or medium-term market call. It represents a multi-decade bet that hard work, ingenuity, demographics, and rising living standards will spur massive consumer demand for products which will propel GDP, population growth, and GDP per capita in these nations to unprecedented heights. Personally, I would not mind buying heavily into TIVA countries after a market crash.
To paraphrase George W. Bush's character in Harold and Kumar Escape from Guantanamo Bay, "You don't have to trust your government to believe in your country." Nothing could be truer about the TIVA countries. Great people are saddled with poor government. And the ingenuity, hard work, and will to survive of the people will lead the way, combined with institutional investors pushing for good governance and
1 year ago, I believed it was "Time To Order Some Thai", and purchased iShares MSCI Thailand Capped ETF (NYTHD), a call that unfortunately was a few months too early. However, at the beginning of this year, THD bottomed, and has since been on a steady rise. The ETF is up 31.51% YTD. Driving this growth is an economy that continues to grow, disregarding political turmoil.
THD data by YCharts
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