November 18, 2016 - By Dolores Ford · 0 Comments
Thai Fund Inc (NYSE:TTF) institutional sentiment increased to 1 in 2016 Q2. Its up 0.25, from 0.75 in 2016Q1. The ratio has improved, as 6 institutional investors increased and started new stock positions, while 8 sold and trimmed stakes in Thai Fund Inc. The institutional investors in our partner’s database now hold: 7.63 million shares, up from 7.48 million shares in 2016Q1. Also, the number of institutional investors holding Thai Fund Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 7 Increased: 3 New Position: 3.
The Thai Fund, Inc. is a non-diversified, closed-end management investment company. The company has a market cap of $95.37 million. The Fund’s investment objective is long-term capital appreciation through investment primarily in equity securities of companies organized under the laws of the Kingdom of Thailand. It currently has negative earnings. The Fund integrates top-down sector allocation and bottom-up stock selection with a growth bias.
The stock increased 0.13% or $0.01 on November 17, hitting $7.83. Thai Fund Inc. (NYSE:TTF) has risen 1.17% since April 18, 2016 and is uptrending. It has underperformed by 3.26% the S&P500.
City Of London Investment Management Co Ltd holds 2.45% of its portfolio in Thai Fund Inc. for 3.88 million shares. Gramercy Funds Management Llc owns 646,462 shares or 2.16% of their US portfolio. Moreover, 1607 Capital Partners Llc has 0.42% invested in the company for 780,136 shares. The Texas-based Doliver Capital Advisors Inc. has invested 0.17% in the stock. Amica Mutual Insurance Co, a Rhode Island-based fund reported 134,831 shares.#img1#
The Thai Fund, Inc. (the Fund), incorporated on June 10, 1987, is a non-diversified, closed-end management investment company. The Fund’s investment objective is long-term capital appreciation through investment primarily in equity securities of companies organized under the laws of the Kingdom of Thailand. The Fund makes its investments in Thailand through the Thai Investment Plan (the Plan). The Fund is the sole unit holder of the Plan. The Fund may invest in unregistered or otherwise restricted securities.
More notable recent Thai Fund Inc. (NYSE:TTF) news were published by: Prnewswire.com which released: “The Thai Capital Fund, Inc. Announces Payment Of Final Liquidation Distribution” on September 30, 2013, also Businesswire.com with their article: “Morgan Stanley Closed-End Funds Announce Appointment of New Directors” published on January 09, 2015, Reuters.com published: “Thai fund managers cry foul over rallying Bank of Ayudhya shares” on March 18, 2015. More interesting news about Thai Fund Inc. (NYSE:TTF) were released by: Reuters.com and their article: “Thai funds go abroad as high-yield plays vanish in weak domestic economy” published on March 03, 2015 as well as Barrons.com‘s news article titled: “3 Roaring Asian ETFs Set To Keep Powering Higher” with publication date: July 25, 2016.
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By Dolores Ford