|Bid||21.72 x 1300|
|Ask||22.00 x 1400|
|Day's Range||21.77 - 21.80|
|52 Week Range||21.70 - 33.95|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-6.54%|
|Beta (3Y Monthly)||1.60|
|Expense Ratio (net)||0.59%|
Argentine assets are likely in for more pain if President Mauricio Macri is turned out of office in Sunday’s election, but broader Latin American markets are likely to continue shrugging off political developments in Argentina and unrest elsewhere in South America, says one economist.
The oldest and largest Argentina exchange traded fund listed in New York was on a torrid pace through the first seven months of 2019 only to fall on hard times falling a primary election that pointed to a new market unfriendly regime coming to power. “The country suffered severe financial deterioration after the August 11 primary elections, which showed an increased likelihood of victory by the opposition presidential candidate,” Fitch Ratings said in a recent note.
Argentina ETFs have fallen on hard times, but the country may find a helping hand from the International Monetary Fund as the institution stated its intent to help the Latin emerging economy work through its current crisis. On Thursday, IMF Managing Director Kristalina Georgieva revealed the Fund's intentions to help support Argentina's economy, but she added that they will wait to see the future policy framework adopted under the new leadership after the country holds an election later this month in which a change of government is widely predicted, Reuters reports.
After experiencing a steep plunge, Argentina country-specific exchange traded funds could warrant another look, especially with Buenos Aires and the International Monetary Fund taking steps to stabilize the economy. The Global X MSCI Argentina ETF (ARGT) and iShares MSCI Argentina and Global Exposure ETF (AGT) have plunged over 30% from their July highs to multi-year lows, and bargain hunters may be stepping back into this beleaguered market. Argentina's main stock index lost almost half its value in the weeks following a shock August 11 primary election that dealt a blow to market-friendly conservative President Mauricio Macri and sent the country’s debt market and peso currency reeling, Reuters reports.
Down almost 32% over the past month, the once high-flying Global X MSCI Argentina ETF (ARGT) , the largest US-listed ETF dedicated to stocks in Latin America's second-largest economy, is beset by political volatility. One glimmer of hope for the Argentina ETF is its largest holding, online retailer and e-commerce giant MercadoLibre (MELI). While note immune to Argentina's political volatility (the stock is down 20% over the past month), MercadoLibre still has the makings of a winner, according to some analysts.
Argentina country-specific ETFs continued to push higher Thursday for the second day as the government’s new capital controls help assuage market fears. On Thursday, the Global X MSCI Argentina ETF (NYSEArca: ...
August witnesses fluctuations in the US-China trade tensions, a gold surge, still-decent U.S. economic data points and maximum chances of a no-deal Brexit. These factors bring a few ETFs in focus.
Here is a look at the 25 best and 25 worst ETFs from the past trading month. Traders can use this list to find prospective candidates that have deviated too far from their longer-term trends, thereby serving as potential starting points for those looking to take on either short or long positions. Likewise, traders can also use this list to spot potential trend reversal opportunities that may offer a generous risk/reward. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETFdb.com premium content, sign up for a free 14-day trial to ETFdb.com Pro.
Life happens fast in financial markets and in the course of one trading day, a stock or exchange traded fund can go from hero to laggard. A day after President Mauricio Macri suffered a stunning defeat in a primary used to gauge candidates' popularity, Argentina's equity market lost nearly half its value. ARGT, the largest Argentina ETF trading in New York, is now saddled with an August loss of more than 28%.
In a single day earlier this month, stocks in Argentina, South America's second-largest economy, lost nearly half their value after pro-markets President Mauricio Macri lost a primary to Alberto Fernandez, a member of the Peronist party. With investors speculating about Macri's political future and at least one ratings agency downgrading Argentina's rating into highly speculative territory, the Global X MSCI Argentina ETF (ARGT) is lower by about 26% this month, a tumble that has nearly wiped all of the previously high-flying ETF's 2019 gains. While Argentina’s economy, South America’s second-largest behind Brazil, has not been perfect under Macri, he has been embraced by market participants there and helped engineer a critical bailout from the International Monetary Fund in 2018.
Alberto Fernandez is a strong favorite to win Argentina’s presidential election. His roots in the anti-market Peronist movement spurred an instant financial crisis: Stocks, bonds and currency all plunged more than 20% overnight.
The past few years for Argentina have shown various shifts in trends, but after seeing a surge for their country-specific ETFs leading up to this past weekend, the surprising landslide election win for Alberto Fernandez switched momentum in a very opposite direction this week. As ETF Trends previously reported on the plunging value of the Global X MSCI Argentina ETF (ARGT) on Monday, which was the immediate response to President Macri’s loss. Based on a statement from Nikko Asset Management’s Raphael Marechal, it seems as though it’s going to continue being a volatile market for the South American nation.
ETF Trends CEO Tom Lydon joined "ETF Edge" host Bob Pisani and CFRA's Todd Rosenbluth on CNBC's "Halftime Report" on Monday to discuss how to make the most out of currency hedging ETF plays. “We haven’t been paying attention to currencies for a while," Lydon said. If you don’t hedge your currency with your overseas investment, you’re betting on that local currency.
After soaring last Friday ahead of Sunday's primary election, the Global X MSCI Argentina ETF (ARGT) plunged Monday, at one point shedding a quarter of its value after pro-markets President Mauricio Macri lost a primary to Alberto Fernandez, a member of the Peronist party. The party primaries are closely monitored in Argentina since they are held simultaneously and voting is obligatory, so they more-or-less act as a referendum on the candidates’ popularity in Latin American country or an early poll involving the entire electorate. Just 90 minutes into Monday's session, ARGT's volume was already more than nine times the daily average.
Argentina country-specific exchange traded funds bucked the general downbeat trend on Friday, climbing ahead of a tight presidential race with primary elections on Sunday to provide a signal on who might win in October's vote. Conservative President Mauricio Macri is facing an opposition ticket including ex-President Cristina Fernández, Washington Post reports. The party primaries are closely monitored in Argentina since they are held simultaneously and voting is obligatory, so they more-or-less act as a referendum on the candidates’ popularity in Latin American country or an early poll involving the entire electorate.
Argentina ETFs strengthened Friday after updated data revealed the emerging economy's activity rose for the first time in over a year in May. Argentina has suffered through a devastating recession, but the latest figures may reveal an economy that is turning around. The updated economic figures was a welcomed sight for President Mauricio Macri, whom has been criticized for the weakening economy.
NEW YORK , July 10, 2019 /PRNewswire/ -- Global X ETFs, the New York -based provider of exchange-traded funds (ETFs), today announced the inclusion of three additional ETFs to Schwab ETF OneSource, one ...
Most investors within North America prefer to invest in domestic equities. These charts suggest now could be the time to look to the frontier markets.
With the second quarter winding to a close, we're nearly at the halfway point of 2019. So it's an ideal time to examine some of the investment strategies that have been working this year. Broadly speaking, 2019 has been a good year for equities, but there have recently been bumps in the road, mainly caused by an ongoing trade tiff between the U.S. and China, the world's two largest economies.As has been widely reported, this trade spat has wide-ranging implications for a variety of sectors, including cyclical and growth stocks, the corners of the equity market that have been driving forces for much of this bull run.With that in mind, it may not have been surprising that stocks tanked in May, prompting massive outflows from exchange traded funds (ETFs).InvestorPlace - Stock Market News, Stock Advice & Trading Tips"As a result of the trade-induced market drawdown, equity ETFs posted their highest level of outflows for a given month ever, totaling over $19.9 billion," said State Street in a recent note. "Outflows in May are not that uncommon, however. Over the last ten years, equities have had outflows in the month of May 45% of the time--the third highest percentage for a given month."Still, the best ETFs remain beloved by advisors and investors, particularly those looking for low-cost investment ideas or avenues for boosting portfolio diversity. Fortunately, some of the best ETFs are delivering stellar performances this year. * 6 Stocks Ready to Bounce on a Trade Deal In searching for this year's best ETFs, we excluded leveraged funds because those are short-term instruments. A heads up: investors will find that many of the best ETFs to this point in 2019 are thematic funds, including some of the ETFs highlighted here. Invesco Solar ETF (TAN)Source: Shutterstock Expense ratio: 0.70%YTD return: 49.92%Oil prices climbed earlier this year, boosting the fortunes of alternative energy stocks along the way. Of course, that scenario benefited the Invesco Solar ETF (NYSEARCA:TAN), the largest solar ETF. Up nearly 50% year-to-date, TAN is easily one of this year's best ETFs. Moreover, considering this fund's China exposure, its recent performance has been exceptional. TAN barely budged in May and is up 10.14% this month.Earlier this week, Goldman Sachs boosted its rating on several of TAN's marquee components, including SunPower Corporation (NASDAQ:SPWR), Sunrun Inc (NASDAQ:RUN), and Solaredge Technologies Inc (NASDAQ:SEDG).While TAN allocates over 21% of its weight to Chinese solar companies, one of the important factors making this one of the best ETFs and one cited by Goldman in the aforementioned upgrades is domestic in nature.Starting next year, California will require all new homes that are built there to have solar panels, representing significant opportunity for several of TAN's components. ALPS Clean Energy ETF (ACES)Source: Shutterstock Expense ratio: 0.65%YTD return: Almost 29%Keeping with the theme of alternative energy funds, there is the ALPS Clean Energy ETF (CBOE:ACES), which is also one of this year's best ETFs. ACES, which is about a year old, is one of the best ETFs for investors looking for exposure to multiple clean energy themes.While TAN is dedicated to solar, ACES offers exposure to solar, wind, smart grid, biomass, geothermal, electrical vehicle/storage and fuel cell stocks. ACES slumped a bit more than TAN last month, but this alternative energy fund is on the mend this month and is up a solid 7% in the second quarter. * Check Out These 5 Fast-Growing Stocks to Buy Today If oil prices can rebound in the back half of 2019, ACES and TAN can solidify their perches as two of this year's best ETFs. Global X MSCI Argentina ETF (ARGT)Expense ratio: 0.59%YTD return: 35.45%The MSCI Emerging Markets Index, which will soon feature Argentine stocks, is up barely more than 7% this year, but the Global X MSCI Argentina ETF (NYSEARCA:ARGT) is clearly one of this year's best ETFs, emerging markets or otherwise. Yes, some of ARGT's status as one of 2019's best ETFs has to do with global investors buying Argentine equities in anticipation of South America's second-largest economy being added to the MSCI Emerging Markets Index.However, there are other factors at play, including ARGT's 21.14% weight to Latin American e-commerce giant MercadoLibre, Inc. (NASDAQ:MELI). That stock, which is ARGT's largest holding, is up nearly 113% this year. ARGT is up 8.39% this month as the fund has been boosted by news that President Mauricio Macri is opting for a moderate running mate in this year's national election there."This year, Argentine markets seem to be mimicking patterns from the last presidential election cycle in 2015, when after a strong Q1, election-related uncertainty led to a mid-year market downturn," according to Global X research. "Almost on cue in 2019, a 17.3% rise in Q1 was met with a selloff in April after default risk spiked. The jump came after early polling data showed higher approval ratings for the former populist President, Cristina Fernandez de Kirchner (CFK) relative to the current pro-market reformist President, Mauricio Macri." Invesco DWA NASDAQ Momentum ETF (DWAQ)Source: Shutterstock Expense ratio: 0.60%YTD Return: 34.05%Some momentum stocks have been under pressure due to the trade spat, but others, particularly those with significant domestic exposure, are holding up pretty well. That has the Invesco DWA NASDAQ Momentum ETF (NASDAQ:DWAQ)sitting pretty as one of this year's best ETFs. DWAQ can be used as complement or alternative to traditional Nasdaq-100 ETFs.DWAQ tracks the Dorsey Wright NASDAQ Technical Leaders Index, which is a different beast than the cap-weighted Nasdaq-100. "All securities in the universe are ranked using a proprietary relative strength (momentum) measure. Each security's score is based on intermediate and long-term price movements relative to a representative market benchmark and the other eligible securities," according to Invesco. * 5 Undervalued Stocks to Buy DWAQ actually makes for a nice complement to a standard Nasdaq-100 ETF because this Invesco allocates "just" 27% of its weight to technology and healthcare is its largest sector weight at 38.22%. DWAQ is also one of the best ETFs for investors seeking mid/small blend exposure because large caps represent just 19.25% of the fund's weight. O'Shares Global Internet Giants ETF (OGIG)Source: Shutterstock Expense ratio: 0.48%YTD return: 31%The O'Shares Global Internet Giants ETF (NYSEARCA:OGIG) is one of several internet funds that qualify for the best ETFs conversation, but there is something rather remarkable about this fund this year. While OGIG features ample exposure to Chinese internet stocks, some of which have been slammed by the trade war, this fund is holding up really well.None of OGIG's holdings command weights of more than 6.59%, but the good news for investors is that marquee domestic names in the fund, such as Facebook (NASDAQ:FB) and Alphabet (NASDAQ:GOOG,GOOGL), derive significant portions of their revenue in the U.S. and small percentages in China.Alphabet and Facebook garner 2% and 9% of their revenue from China, respectively, but Tencent depends on its home country for 97% of its top line, according to O'Shares research. Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Blue-Chip Stocks to Buy for a Noisy Market * 5 Strong Buy Biotech Stocks for the Second Half * 6 Stocks Ready to Bounce on a Trade Deal Compare Brokers The post 5 of the Best-Performing ETFs for 2019 So Far appeared first on InvestorPlace.