The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( ETF Digest) -- Thailand has had its share of hurdles. First there were the "Red Shirts" protests and riots in 2010 that brought the country to a standstill and turned the streets of Bangkok into a battleground; then there were the catastrophic monsoon floods late last year. But with the political situation improving, if not completely resolved, and positive reports on the country's progress with regards to the flood, the emerging market appears to be a prime candidate for investment opportunities. A recent IMF mission to Thailand concluded that, in spite of the devastating floods that ravaged the country in the final quarter of 2011, the Thai economy was "poised to make a strong rebound in 2012," though there remains substantial doubt about the world economy. This was encouraging news for investors in the MSCI Thailand Investable Market Index Fund ( THD), which was up 3% on that news at the end of February. The emerging markets in Asia are major contributors to global GDP growth and have attracted growing numbers of investors. The story often understandably centers on the twin giant powerhouses of China and India, which, while exerting massive influence on the world economy, are not growing at the pace they once were. Instead, it's the less-well-known economies (like Thailand) that have provided the best returns. Indeed, the fund has performed spectacularly since the market bottom of 2009, with returns of as much as 267%.