ARGT - Global X MSCI Argentina ETF

NYSEArca - NYSEArca Delayed Price. Currency in USD
28.45
+0.54 (+1.93%)
At close: 4:00PM EDT
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Previous Close27.91
Open28.11
Bid24.83 x 1300
Ask35.02 x 1400
Day's Range28.11 - 28.52
52 Week Range21.75 - 31.49
Volume101,446
Avg. Volume82,562
Net Assets86.78M
NAV27.95
PE Ratio (TTM)N/A
Yield1.21%
YTD Return21.33%
Beta (3Y Monthly)1.45
Expense Ratio (net)0.59%
Inception Date2011-03-02
Trade prices are not sourced from all markets
  • ETF Trends5 days ago

    Argentina ETFs Confront Election Concerns

    The Global X MSCI Argentina ETF (ARGT) , the oldest and largest exchange traded fund dedicated to stocks in South America's second-largest economy, is up nearly 19% this year. AGT, which debuted more than eight years ago, follows the MSCI All Argentina 25/50 Index. Argentine stocks have been rallying this year due in large part to the upcoming inclusion in the MSCI Emerging Markets Index.

  • ETF Trends16 days ago

    E-Commerce Helps a Surprising Argentina ETF

    When investors think of e-commerce and the related investments, they usually focus on the U.S. and companies such as Amazon.com Inc. (AMZN) first, and then, maybe, give a look to China. Shares of Argentina-based MercadoLibre, Inc. (MELI), often referred to as the “eBay of Latin America,” surged Friday after the coming reported better-than-expected first-quarter results. In midday trading in New York, the stock was up 19%, providing a boost to exchange traded funds (ETFs) with significant exposure to the stock.

  • ETF Trends19 days ago

    Argentina ETF Surges After MercadoLibre Posts Q1 Results

    Argentina country-specific ETFs climbed Friday after e-commerce retailer MercadoLibre Inc rallied to a record high on a first-quarter revenue beat. On Friday, the Global X MSCI Argentina ETF (NYSEArca: ...

  • ETF Trends2 months ago

    Argentina ETFs Gain as IMF Chief Says Economic Policies are “Bearing Fruit”

    After a third review of Argentina's economic progress, the International Monetary Fund (IMF) released a $10.8 billion round of funds as part of a major financing deal reached last year. On Friday, the Global X MSCI Argentina ETF (ARGT) was up 1 percent and the iShares MSCI Argentina and Global Exposure ETF (AGT) was 1.02 percent higher. While both ETFs are up YTD, economic risk do remain. Argentina, Latin America’s third largest economy, is facing recessionary pressure, which does warrant caution by prospective investors.

  • ETF Trends2 months ago

    Why Caution Is Required With Argentina ETFs

    The Global X MSCI Argentina ETF (ARGT) and the iShares MSCI Argentina and Global Exposure ETF (AGT) are both sporting double-digit year-to-date gains, but some analysts see lingering fiscal risks for Argentina’s economy. Argentina, South America's second-largest economy behind Brazil, is facing recession pressure, including high cost of credit and slack demand. “The Argentine peso showed appreciating pressure in January 2019, dropping below the Central Bank's (Banco Central de la República Argentina: BCRA) no-intervention range and prompting the bank to purchase hard currency and to relax monetary policy,” said Markit in a recent note.

  • ETF Trends3 months ago

    MercadoLibre Q4 Results Help Lift Argentina ETFs

    While most of the market slipped on Wednesday, Argentina country-specific exchange traded funds still managed to climb higher, strengthening on phenomenal results from Latin American e-commerce giant MercadoLibre ...

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    These 5 Beaten Down ETFs May Be Oversold

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  • ETF Trends4 months ago

    Risks Remain For Resurgent Argentina ETFs

    Amid a plunging currency, a scorched earth campaign to boost interest rates and bailout concerns, Argentina was home to some of 2018's worst-performing equity markets. The Global X MSCI Argentina ETF (ARGT) and the iShares MSCI Argentina and Global Exposure ETF (AGT) are both sporting double-digit year-to-date gains, but some analysts see lingering fiscal risks for Argentina's economy. “Argentina met its fiscal deficit target last year, but risks to hitting future targets remain significant,” Fitch Ratings said in a recent note.

  • Benzinga5 months ago

    5 Worst ETFs Of 2018

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  • ETF Trends7 months ago

    Argentina ETFs Gain Momentum After Loan Approval

    Argentina ETFs have picked up speed, breaking above their short-term trend lines, after gaining approval for three loans totaling more than $1.8 billion. On Friday, the Global X MSCI Argentina ETF (ARGT) was up 1.1% and the iShares MSCI Argentina and Global Exposure ETF (AGT) was 3.2% higher. Argentina's markets were strengthening after the World Bank and the Inter-American Development said they were providing the emerging economy with three loans totaling more than $1.8 billion to support the country through its financial difficulties and citizens whom are most at risk, the Associated Press reported.

  • ETF Trends8 months ago

    Argentina ETFs Strengthen on ‘Important Progress’ in IMF Loan Talks

    Argentina stocks and country-specific ETFs bounced higher Monday after the International Monetary Fund stated "important progress" has been made on overhauling the developing country's standby loan agreement. On Monday, the Global X MSCI Argentina ETF (ARGT) was up 1.6% and the iShares MSCI Argentina and Global Exposure ETF (AGT) was 1.5% higher. Supporting the rebound in Argentina's market, the downtrodden peso currency appreciated and the risk of its bonds defaulting improved slightly as the budget bill and reworked IMF deal grow closer to being announced, Reuters reports.

  • ETF Trends8 months ago

    Latin America ETFs: Peril or Potential?

    In what has been a rough year for broader emerging markets benchmarks, exchange traded funds tracking Latin American markets are being repudiated. For example, the S&P Latin America 40 Index is down more than 12% year-to-date. Smaller, investable Latin American markets such as Argentina along regional giants Brazil and Mexico are tumbling.

  • ETF Trends8 months ago

    Argentina Austerity Plan Not Yet Helping ETFs

    The Global X MSCI Argentina ETF (ARGT) , the largest US-listed exchange traded fund tracking Argentine equities, is down 12.30% over the past month, making it one of the worst-performing single-country ETFs over that period. Argentina recently procured a bailout package from the International Monetary Fund (IMF), but that only sparked a short-term rally in the country's financial markets. The bailout package was a cause of contention for students and university professors who rallied in Buenos Aires to protest austerity measures, such as budget cuts to educational programs as part of the bailout.

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  • ETF Trends9 months ago

    Argentina ETF Plunges After Central Bank Hikes Rates

    Argentina country-specific exchange traded funds plummeted Thursday after the central bank unexpectedly hiked interest rates to bolster confidence over a faltering peso currency, which recently weakened to a new low in response to the government's request for the International Monetary Fund to speed up loans under its bailout package. In an unscheduled meeting, Argentina's central bank sharply raised rates to 60% from 45% and pledged to not lower rates until at least December in an attempt to support the peso, the Wall Street Journal reports.

  • ETF Trends9 months ago

    Argentina ETFs: Investors Growing Wary of Risks

    Investors have been pulling out of Argentina ETFs as  a weakening economic outlook and uncertainty over corruption charges deter investment interest. The $99 million Global X MSCI Argentina ETF (ARGT) , the largest Argentina-related ETF, experienced over $33 million in outflows in August, marking its biggest monthly withdrawal since its inception, Bloomberg reports. Bloomberg also noted that investors have traded 2.3 million shares of ARGT this month, over double the monthly average for the past year.

  • Investopedia9 months ago

    3 ETFs to Gain Frontier Markets Exposure

    Learn what reforms are benefiting frontier markets and discover three ETFs that can provide investors with exposure to these developing economies.

  • ETF Trends11 months ago

    Argentina ETFs Pop After Central Bank Strengthens Peso

    Argentina country-specific ETFs climbed Tuesday after the Argentinian central bank moved to shore up its currency, lifting the peso to its biggest gain in six weeks. On Tuesday, the Global X MSCI Argentina ETF (ARGT) increased 4.6% and the iShares MSCI Argentina and Global Exposure ETF (AGT) rose 3.0%. The Argentina markets have been experiencing an awful year, with ARGT down 24.8% and AGT 24.7% lower year-to-date.

  • Top & Flop ETF Areas of Q2
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  • What Argentina's peso crash means for emerging markets
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    What Argentina's peso crash means for emerging markets

    Argentina's peso has crashed and the Latin American country is asking the IMF for emergency funds. Turkey's lira is still experiencing its challenge. What does this mean for investors looking at emerging markets? Timothy Chubb, CIO at Univest Wealth Management discusses with Yahoo Finance's Dion Rabouin and Stephanie Sy.