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AGT - Argentina Country ETFs: A Mirage Of Strength
iShares MSCI Argentina and Global Exposure ETF
Global X MSCI Argentina ETF (NYSE:ARGT) is the largest and most liquid Argentina country-specific exchange traded fund with current assets of $90.2 million compared to $22.7 million for the iShares MSCI Argentina and Global Exposure ETF (NYSE:AGT). Each of these funds is up approximately 20% YTD which is in contrast to the less than exuberant macro outlook for the country. Argentina is amidst a serious economic downturn under high inflation and weak activity levels. Economists are forecasting a decline in annual GDP of 1.3% this year, continuing its official recession that