The Global X MSCI Argentina ETF (NYSE:ARGT) is the largest and most liquid Argentina country-specific exchange traded fund offering investors exposure to the most important stocks in the country. With that being said, we highlight a weakness in the fund's structure as it is highly concentrated among companies that are technically based in Argentina but make the majority of their revenues outside the country. Clearly, this dynamic has supported the fund's performance in what would have been an even deeper decline for the ETF amid the ongoing economic crisis and the over 50%