|Bid||21.11 x 800|
|Ask||21.21 x 1100|
|Day's Range||20.60 - 21.02|
|52 Week Range||18.34 - 29.00|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.00|
|Expense Ratio (net)||0.59%|
An exchange-traded fund with exposure to the Argentine stock market tumbled overnight after President Mauricio Macri suffered a bigger-than-expected primary defeat that signals it will be hard for him to hold on to power.
Global stock markets are on track to record their best first-half performance in more than 20 years. We highlight four top-performing country ETFs that are up more than 30%.
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: ...
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.
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.
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 ...
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.
The S&P 500 is lower by nearly 8 percent on a year-to-date basis, indicating it's going to take a lot of work in a short amount of time for the index to close 2018 on an upbeat note. There are over 2,200 ...
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.
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.
Several emerging market currencies fell sharply on Thursday after Argentina’s central bank raised interest rates to 60%, representing a 15% hike and the highest level of any nation’s central bank. This rate hike followed Wednesday's plea by Argentine President Mauricio Macri, in which he publicly asked the IMF to accelerate the rollout of its $50 billion emergency line of credit. “When [Macri] said he was going to go to the IMF to get the funds sooner, it sounded like a voice of desperation,” explained Bloomberg Macro Strategist Vincent Cignarella in a recent interview.
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.
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.