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home / news releases / ARGT - After A Crash Argentina Is Not Cheap


ARGT - After A Crash Argentina Is Not Cheap

It's tempting to shop for bargains after a sharp price decline, and Argentina's stock market would seem to have provided just that last night after a primary election result shocked investors. Bloomberg reported a 48% decline in the S&P Merval Index. The U.S. ETFs, [[AGT]] and [[ARGT]], which appear to track the MSCI Argentina Index, have traded down a more modest, but still eye-popping, 25% or so.

Data by YCharts

The Argentine peso's depreciation is a critical factor here. It fell 15% overnight, and my colleague Jeff Fischer says that the currency depreciation is strong

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Stock Information

Company Name: Global X MSCI Argentina
Stock Symbol: ARGT
Market: NYSE

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