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Argentina has a habit of surprising investors. Since 2014, the country has had four major currency devaluations with the last occurring early Monday morning as the conservative Argentine president Mauricio Macri suffered a major defeat in primary elections.
The Global X MSCI Argentina ETF (ARGT) lost roughly a quarter of its value while the Argentine Peso lost a fifth. Investors in the fund have actually done quite well until today as the fund was up about 45% on the year and was the best performing Latin American fund. However, in one weekend, most