2024-07-18 11:39:13 ET
Summary
- Over the last couple of years, ARGT has delivered outstanding alpha of 3.5x relative to global markets.
- Argentina's growth prospects have taken another hit.
- ARGT's top holding is more exposed to the Brazilian region with over half its revenues coming from there.
- ARGT's valuations look compelling, but the risk-reward on the charts don't favor a long position now.
Introduction
The Global X MSCI Argentina ETF ( ARGT ), a $300m sized product that tracks 25 stocks exposed to the Argentinian economy, has been on fire over the past 2 years; while global markets on average have garnered solid enough returns of 43%, ARGT has trounced that return profile by almost 3.5x during the same period!...
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For further details see:
Key Considerations For Those Contemplating A Position In ARGT ETF