It’s not often that we get to see Thailand at the top of the investment fund flow list, but a combination of the recovery from the floods, government stimulus and corporate earnings growth continuing to surprise, investment funds have been pouring into Thailand for the first 2.5 months of the year.
According to Morgan Stanley’s latest paper:
ASEAN 3 witnessed a net inflow of US$706mn last week. Thailand, Indonesia and Philippines witnessed net inflows of US$218mn, US$423mn and US$66mn respectively. YTD, net inflows for the countries are as follow: Indonesia US$594mn, Thailand US$2,033mn, Philippines US$636mn and ASEAN 3 US$3,263mn (higher than 2011 total of US$3,151mn).