|Bid||31.270 x 500|
|Ask||31.320 x 100|
|Day's Range||30.911 - 31.330|
|52 Week Range||22.010 - 31.960|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.74%|
Emerging Markets Argentina under free-market reform President Mauricio Macri is attempting to reverse more than a decade of inward-looking leftist protectionism. Although inflation has proved tough to tame and growth hard to come by, there are definite signs of progress. The country’s inflation rate is now expected to tumble from roughly 40% in 2016 to 20% this year and then to half that in 2018.
Argentina returned to global capital markets with gusto after the newly-elected market friendly government resolved investor payments on defaulted debt last year, but now the market may be saturated with bonds. With an eye on regional elections on Oct. 22, Bank of America Merrill Lynch's Sebastian Rondeau, a Latin America fixed income and currency strategist, writes: "Argentina's macro outlook has improved materially in the last two months after a pro-reform primary election result and growing optimism about a recovery in Brazil. This makes Argentina vulnerable to a reversal in capital flows.
Three country-specific exchange-traded funds, Global X MSCI Argentina (ARGT), VanEck Vectors India Small-Cap (SCIF), and iShares MSCI Turkey (TUR) were among Monday's best performers. All were up for different ...