MercadoLibre

SSR Mining

Despegar.com

Arcos Dorados Hlds

Compania Cervecerias Unidas

Adecoagro

Corporacion America Airports

Lithium Americas (Argentina) Corp

Bioceres Crop Solutions Corp

Global X MSCI Argentina ETF

ARGT tracks a narrow index of companies with Argentine economic linkages that are selected and weighted by market cap.

The Global X MSCI Argentina ETF offers a liquid investment in Argentina's top companies, providing exposure to the country's economic potential under libertarian policies. President Javier Milei's vision includes reducing welfare, lowering taxes, promoting entrepreneurship, lowering inflation, and stabilizing the economy to foster growth and prosperity. Argentina's rich natural resources, historical success, and human capital position it for a resurgence with the right policies.

ARGT: Riding The Libertarian Wave Of Economic Revival

Below is a look at year-to-date total returns for 46 country ETFs available to investors on US exchanges. While the US is sitting on a huge gain of 28.6% this year, the average year-to-date change for these country ETFs is just 8.7%. Nine country ETFs are in the red for the year. France is the most notable and the only G7 country that's down in 2024.

Argentina ETF On Top In 2024

I recommend buying the Global X MSCI Argentina ETF (NYSEARCA: ARGT) due to Argentina's strong economic reforms and projected GDP growth of 8.5% in 3Q24. Despite a 60% price increase this year, ARGT's P/E ratio remains lower than the global average, indicating a large margin of safety. Valuation analysis shows ARGT trading at 13.5x earnings, below its 5-year average, suggesting an upside of 14.8% to 18%.

ARGT: It's Just The Beginning Of Improvement

Argentina equities' strength, driven by a pro-capitalist government, have made ARGT the best-performing country ETF in 2024, attracting record inflows. ARGT's growth story is compelling despite its 0.59% expense ratio and high volatility, with a forward P/E of 16 (per the issuer) and a 19% EPS growth rate. The ETF's portfolio is highly cyclical, with significant allocations to Consumer Discretionary and Financials, and a notable overweight in Energy.

ARGT: Strong Country ETF YTD Sees Record Inflows

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Funds tracking international equities largely pulled back as investors reacted to Donald Trump's win. It marks a stark contrast to rallying U.S. equities.

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The Global X MSCI Argentina ETF has surged nearly 35% in 2024, driven by President Milei's austerity measures and economic reforms. Key holdings like MercadoLibre, YPF Sociedad Anónima, and Argentine banks have significantly contributed to ARGT's performance, reflecting Argentina's economic recovery. Despite the ETF's price appreciation, valuations remain attractive compared to other emerging market peers, and ARGT still offers upside potential.

ARGT: A Top Performing Global Fund On Track For Sustained Strong Returns

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US equities have outperformed the rest of the world for a long time now. While the US is up 58% on a total return basis during the current bull market, the rest of the world is up 13.5 percentage points less at +44.5%. Looking at the international dividend ETF over a longer time frame, over the last five years, it's up 20.6% in price and more than double that on a total return basis.

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With recession concerns easing and Fed rate cut talks rising, Wall Street closed August with renewed optimism.

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Over the last couple of years, ARGT has delivered outstanding alpha of 3.5x relative to global markets. Argentina's growth prospects have taken another hit. ARGT's top holding is more exposed to the Brazilian region with over half its revenues coming from there.

Key Considerations For Those Contemplating A Position In ARGT ETF

Argentine equities have rallied post-election. But valuations remain quite reasonable relative to the improving fundamentals. Low-cost ARGT remains a great play on the structural reform story.

ARGT: A Call Option On Argentina's Reform Story

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This quarter's 13Fs and insider buys offer vital clues about what the smart money is betting on. Argentina, small caps, Bitcoin, and China are essential market areas to track.

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Argentina's wave of capitalism appears to be attracting investors, with the Global X MSCI Argentina ETF up 58% in the past 12 months. ARGT is the top country ETF year over year, with assets under management growing from $55 million to over $275 million. The ETF's allocation is spread across different market caps, but its largest four holdings account for a sizable chunk of the fund.

ARGT: Pro-Capitalist Reforms Spark A Major Rally In Argentina Equities

Tesla CEO Elon Musk called on investors to back Argentina in a social-media post with the country's new leader, Javier Milei.

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Between exposure, volatility and position sizes, here are levers to reduce damage from losses.

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ARGT offers access to the Argentine economy through the MSCI All Argentina 25/50 Index. Despite economic challenges, Argentina's government has implemented measures to combat hyperinflation, which could positively impact ARGT in the long term. ARGT has significant exposure to sectors like internet and technology, regional banks, integrated oil, and utilities, reflecting Argentina's economic reliance on these areas.

ARGT: Tidying Up The Argentine Economy - A Slow But Steady Sweep

The Global X MSCI Argentina ETF may not be the best option for investors looking for Argentina risk, given that 50% of the AUM is not in Argentinean operations. Massive devaluation of the Argentine peso will impact corporate results and valuations. The market may not have fully incorporated FX impact; expect earnings or valuation downgrades.

ARGT: Not So Argentinian, Expect A Drop In Valuation

Argentina's monetary problems, including high inflation and a weakening peso, pose significant risks for investors. The country's credit risk is also a concern, with ratings agencies predicting a potential default in the coming years. The market's optimism about Argentina's economic prospects is unwarranted given the current economic and political situation.

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Although the S&P 500 has offered a sturdy performance this year, a few country ETFs have beaten the S&P 500 this year.

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Wall Street delivered an upbeat performance last week. These ETFs benefited the most in the past one week.

Best ETFs of Past Week

For investors seeking momentum, Global X MSCI Argentina ETF ARGT is probably on radar. The fund just hit a 52-week high and is up 68.1% from its 52-week low price of $30.68/share.

Argentina ETF (ARGT) Hits New 52-Week High

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If Argentine president-elect Javier Milei can turn around the struggling Argentine economy, crisis will lead to opportunity in these 3 assets.

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Bitcoin is up 125% year-to-date versus the US Dollar. However, Stock Strategist Andrew Rocco explains why the momentum is just starting.

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Argentina stocks surged and bonds rallied following news that radical libertarian economist Javier Milei will become Argentina's next president after an unexpected electoral win.

News for Global X MSCI Argentina ETF ETF (ARGT)