Emerging funds likely to benefit from Thai coup d'etat

In response to this week’s events in Thailand – which has seen the army oust the current government and prime minister Thaksin with the backing of the King of Thailand – several investment houses have suggested there is no real concern about the likely impact this will have on foreign investment in Thailand, and has had little affect on Asian trading elsewhere. Reassurance of the investment position is being offered in part because it was the devaluing of the Thai baht which sparked the Asian crisis in 1997, and which affected the wider investment sector, and the currency had earlier this ...