ARGT - Global X MSCI Argentina ETF

NYSEArca - NYSEArca Delayed Price. Currency in USD
25.43
+0.60 (+2.42%)
At close: 3:59PM EST
Stock chart is not supported by your current browser
Previous Close24.83
Open25.13
Bid0.00 x 1200
Ask0.00 x 1800
Day's Range25.05 - 25.43
52 Week Range23.64 - 38.46
Volume6,700
Avg. Volume87,952
Net Assets89.39M
NAV25.36
PE Ratio (TTM)N/A
Yield0.69%
YTD Return-28.29%
Beta (3Y Monthly)1.10
Expense Ratio (net)0.65%
Inception Date2011-03-02
Trade prices are not sourced from all markets
  • ETF Trends13 days 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.

  • MarketWatch20 days ago

    IMF approves Argentina loan expansion to $56 billion

    The board of the International Monetary Fund approved a loan expansion to $56.3 billion for Argentina on Friday, in support of the country's budget. The fund first said it could increase the loan from $50 billion in September, but that it needed approval by the board. Argentina also passed its first economic performance review, as prescribed under the 36-month Stand-By Arrangement with the IMF, which allows officials to draw another $5.7 billion from its loan. So far, the Latin American country has drawn $20.4 billion. Buenos Aires first sought the organization's help in May, as the Argentina peso went into a tailspin and confronted the country with yet another currency crisis. The peso has dropped almost 50% in the year so far. On Friday, one U.S. dollar bought 36.9100 pesos, up from 36.7800 late Thursday in New York. The Global X MSCI Argentina ETF was up 2.2% on Friday.

  • ETF Trends2 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 Trends2 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 Trends2 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.

  • Trending: Emerging Markets Deeper Into Bear Territory After Trump’s Remarks on Tariffs
    ETF Database2 months ago

    Trending: Emerging Markets Deeper Into Bear Territory After Trump’s Remarks on Tariffs

    Emerging markets bear the brunt of angst over trade as President Trump threatens to slap another round of tariffs on Chinese goods. Cloud computing trended thanks to skyrocketing cloud usage and record capital expenditures of the largest cloud infrastructure players. Argentina came third in the list as optimism surfaced after government and IMF officials signaled progress in the talks regarding the improvement of a standby loan agreement approved in June. Lithium oversupply in China has sent prices to 14-month lows as cheap, locally produced material hurts the international market. The U.S. dollar closed the list due to positive reaction to strong wage data and an overall upbeat jobs report. Check out our previous trends edition at Trending: Markets Plough Ahead on NAFTA Breakthrough.

  • Trending: Emerging Markets Deeper Into Bear Territory After Trump’s Remarks on Tariffs
    ETF Database2 months ago

    Trending: Emerging Markets Deeper Into Bear Territory After Trump’s Remarks on Tariffs

    Emerging markets bear the brunt of angst over trade as President Trump threatens to slap another round of tariffs on Chinese goods. Cloud computing trended thanks to skyrocketing cloud usage and record capital expenditures of the largest cloud infrastructure players. Argentina came third in the list as optimism surfaced after government and IMF officials signaled progress in the talks regarding the improvement of a standby loan agreement approved in June. Lithium oversupply in China has sent prices to 14-month lows as cheap, locally produced material hurts the international market. The U.S. dollar closed the list due to positive reaction to strong wage data and an overall upbeat jobs report. Check out our previous trends edition at Trending: Markets Plough Ahead on NAFTA Breakthrough.

  • MarketWatch3 months ago

    Argentina hikes interest rate to 60% in failed effort to stem peso plunge

    Argentina’s central bank on Thursday delivers an emergency rate rise, boosting its benchmark rate to 60% from 45%, in an effort to stem the peso’s plunge. It didn’t work.

  • ETF Trends3 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 Trends3 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.

  • Investopedia3 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 Trends4 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
    Zacks4 months ago

    Top & Flop ETF Areas of Q2

    Inside top and flop ETF areas of the second quarter of 2018.

  • Who Wins the 2018 World Cup of ETFs?
    Zacks5 months ago

    Who Wins the 2018 World Cup of ETFs?

    With the 2018 World Cup starting in Russia, we thought it would be fun to see who would win an ETF version of this event.

  • Inside The Slump in Argentina ETFs
    Zacks6 months ago

    Inside The Slump in Argentina ETFs

    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.

  • Benzinga6 months ago

    Argentina ETF Decked By Interest Rate Spike

    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.

  • What Argentina's peso crash means for emerging markets
    Yahoo Finance Video3 months ago

    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.