MELI - ARGT: Pro-Capitalist Reforms Spark A Major Rally In Argentina Equities
2024-05-10 04:48:12 ET
Summary
- 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.
- Ranked No. 1 by Seeking Alpha's ETF Quant Ranking system, I highlight key levels on the chart to monitor.
A wave of capitalism has swept through Argentina. Optimism runs high as the country’s newly elected president takes aim at ditching policies that prevent the privatization of companies currently operated by the South American nation’s government. Investors have rejoiced in the past year. The Global X MSCI Argentina ETF (ARGT) is up 58%, dividends included, over the past 12 months. ...
ARGT: Pro-Capitalist Reforms Spark A Major Rally In Argentina Equities