|Bid||0.00 x 3100|
|Ask||0.00 x 1400|
|Day's Range||31.01 - 31.24|
|52 Week Range||27.40 - 38.46|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.65%|
Emerging markets investors love to catch falling knives, making against-the-grain bets on securities under duress. The most precipitously descending cutlery is connected with Argentina and Turkey. The drivers are common and familiar: high foreign debt, current account deficits, budget gaps, and inflation, against the backdrop of soaring oil-import costs and rising U.S. bond yields.
Union workers, along with members of social, political and students organizations, demonstrate against the government's negotiations with the International Monetary Fund in Buenos Aires, on May 17, 2018. This has to be the best IMF rescue deal ever implemented or president Mauricio Macri will be voted out of office next year by guys like this that dominate Latin America. Argentina is back in the loving arms of the International Monetary Fund.
Argentina is facing an economic crisis and the central bank has hiked interest rates three times in a span of eight days, putting the spotlight on its funds.
A banner about 'Peronism' is seen prior to the presidential elections in Buenos Aires on October 23, 2015. An IMF bailout will save foreign investors who poured new money into the country’s financial markets in the last two years, but it won’t save Argentina’s economy from the legacy of Peronism and other villains, including corruption, inflation, and revolution. IMF’s credit line will certainly help Argentina support its currency and financial markets, which have been plunging in recent months, as the country’s central bank has raised interest rates to fend off a renewed speculative attack on the Argentine peso.
Glued to the subsidies of the Peronista-led government for over a decade, the working class and the poor are forced to face harsh realities of a rollback of state spending. Argentina is so broke, it needs the IMF again. The Peronistas in Argentina love it! They couldn't be happier. The government of Mauricio Macri has asked the International Monetary Fund for a loan to help "avoid a crisis like the ones we have seen before." Roughly 90% of the population is against the deal, including more than half of Macri's own supporters.
There are high interest rate countries and then there is Argentina. After last week's rate hike, Argentina, one of South America's largest economies, now sports a benchmark lending rate of 40 percent. Argentina's rate hikes have been swift and substantial.
BNP Paribas analysts in Sao Paulo, Brazil say the central bank is now in damage control mode. Argentina's peso fell sharply again on Thursday, falling from around 21 to 23 peso to the dollar, meaning it is now worth less than a nickel. The central bank hiked rates again yesterday. And then by late morning on Friday, did again! Hiking interest rates by over 600 basis points to 40%.
Is this a repeat of the Carlos Menem bull market years that ended notoriously bad; or is Argentina really onto something new and improved?
The world's top stock market is in Argentina, with a 77 percent gain recorded in 2017 and a businessman-president, Mauricio Macri, in control.
The Global X MSCI Argentina ETF (NYSE: ARGT ), the largest exchange traded fund dedicated to stocks in South America's second-largest economy, was one of the best-performing single-country ETFs last year. ...
It was a great year for U.S. stocks, with the S&P 500 index gaining about 19% in 2017 thanks to pro-growth policies out of Washington and record consumer confidence.
Although it’s not the most exciting investment, these days, you can’t go wrong with the benchmark exchange-traded fund SPDR S&P 500 ETF Trust (NYSEARCA:SPY). Year-to-date, the trust fund is up nearly 16%. However, given its remarkable rally under ever-declining volume, many investors are seeking alternative opportunities. As such, I believe there’s no better time to consider international ETFs to buy than right now.
Up 36% year-to-date, the Global X MSCI Argentina ETF (NYSEArca: ARGT) is one of this year’s best-performing single-country ETFs. Data suggest investors have recently been renewing their interest in ARGT, ...