iShares MSCI Thailand ETF (THD) is an exchange-traded fund that seeks to track the investment results of the MSCI Thailand IMI 25/50 Index, a broad-based, free float-adjusted market capitalization-weighted index designed to measure the investable equity market performance in Thailand. The fund primarily invests in Thai equities across diversified sectors, including large-, mid-, and small-capitalization companies; its portfolio comprises approximately 90-93 holdings, with top positions in Delta Electronics (Thailand) PCL (non-voting depository receipt shares), Advanced Info Service PCL (non-voting depository receipt shares), and PTT PCL (non-voting depository receipt shares). Managed by BlackRock Fund Advisors, a subsidiary of BlackRock, Inc., THD offers investors exposure to the Thai equity market through a representative sampling technique, with an expense ratio of 0.59% and semi-annual dividend distributions.
Launched on March 26, 2008, and listed on NYSE Arca, the ETF is domiciled in the United States with headquarters aligned to BlackRock's operations in Wilmington, Delaware. Geographically, THD provides targeted access to Thailand's public equity markets, serving institutional and retail investors seeking emerging market diversification in Southeast Asia.
In recent developments, BlackRock's iShares platform, including THD, achieved record annual inflows of approximately $450 billion in 2025, driven by strong organic growth and market demand for ETF products. The fund declared a semi-annual dividend of $0.766 per share payable on December 20, 2024, reflecting ongoing distribution of underlying Thai equity yields. Amid U.S.-Thailand trade tensions under President Trump, Thai authorities proposed zero-duty imports for U.S. goods and allocated 200 billion baht in support for exporters facing potential tariffs up to 36%, influencing the ETF's underlying market dynamics.