A perfect time to buy into Thailand

Mark Williams, associate director at Isis Asset Management tells MoneyWeek where he’d put his money now.

Mark Williams, associate director at Isis Asset Management tells MoneyWeek where he'd put his money now.

Last year, one of the best-performing markets in the world was Thailand. It rose a good 116%. So it was no surprise that many analysts started 2004 positive on the market's prospects. Unfortunately, they were wrong: year to date, the market has fallen more than 20%. This sounds bad, but it is not a disaster given that the market has more than doubled from its lows in 2001. Is the fall an investment opportunity, or simply a sign that the consensus optimism was unfounded?

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