ARGT - Global X MSCI Argentina ETF: It Might Get Worse Before It Gets Better
Argentina undergoes a vicious cycle of high inflation, currency depreciation, and negative market sentiment. There is a new president but the old problems remain. With the current lackluster global economic growth, an improvement in Argentina’s economic situation will take time. The current valuation is too expensive, certainly compared to other emerging markets.
Almost two years ago we wrote an article about Argentina and the Global X MSCI Argentina ETF (ARGT). The first sentences were the following: “Argentina has made good progress in the past years, but a lot of work remains to be