Global X MSCI Argentina ETF (ARGT)
| Assets | $617.50M |
| Expense Ratio | 0.59% |
| PE Ratio | 22.40 |
| Shares Out | 7.63M |
| Dividend (ttm) | $0.74 |
| Dividend Yield | 0.91% |
| Ex-Dividend Date | Jun 27, 2024 |
| Payout Ratio | 20.20% |
| 1-Year Return | +93.54% |
| Volume | 323,832 |
| Open | 81.04 |
| Previous Close | 80.54 |
| Day's Range | 79.94 - 81.50 |
| 52-Week Low | 46.00 |
| 52-Week High | 81.81 |
| Beta | 1.32 |
| Holdings | 28 |
| Inception Date | Mar 2, 2011 |
About ARGT
Fund Home PageThe Global X MSCI Argentina ETF (ARGT) is an exchange-traded fund that is based on the MSCI All Argentina 25/50 index. The fund tracks a narrow index of companies with Argentine economic linkages that are selected and weighted by market cap. ARGT was launched on Mar 2, 2011 and is issued by Global X.
Top 10 Holdings
70.45% of assets| Name | Symbol | Weight |
|---|---|---|
| MercadoLibre, Inc. | MELI | 16.76% |
| Grupo Financiero Galicia S.A. | GGAL | 12.62% |
| YPF SA ADR | YPF.DE | 12.30% |
| Pampa Energía S.A. | PAM | 5.32% |
| Transportadora de Gas del Sur S.A. | TGS | 5.28% |
| Banco Macro S.A. | BMA | 5.12% |
| Central Puerto S.A. | CEPU | 3.44% |
| Banco BBVA Argentina SA ADR | BFP.DE | 3.30% |
| Telecom Argentina S.A. | TEO | 3.19% |
| Filo Corp. | FIL | 3.13% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 27, 2024 | $0.213 | Jul 5, 2024 |
| Dec 28, 2023 | $0.526 | Jan 8, 2024 |
| Jun 29, 2023 | $0.292 | Jul 10, 2023 |
| Dec 29, 2022 | $0.446 | Jan 9, 2023 |
| Jun 29, 2022 | $0.386 | Jul 8, 2022 |
| Dec 30, 2021 | $0.267 | Jan 7, 2022 |
News
Global ETFs slide as investors see Trump tariff policies hurting trade
Funds tracking international equities largely pulled back as investors reacted to Donald Trump's win. It marks a stark contrast to rallying U.S. equities.
ARGT: A Top Performing Global Fund On Track For Sustained Strong Returns
The Global X MSCI Argentina ETF has surged nearly 35% in 2024, driven by President Milei's austerity measures and economic reforms. Key holdings like MercadoLibre, YPF Sociedad Anónima, and Argentine ...
Highest And Lowest Country ETF Dividend Yields
US equities have outperformed the rest of the world for a long time now. While the US is up 58% on a total return basis during the current bull market, the rest of the world is up 13.5 percentage poin...
Key Considerations For Those Contemplating A Position In ARGT ETF
Over the last couple of years, ARGT has delivered outstanding alpha of 3.5x relative to global markets. Argentina's growth prospects have taken another hit. ARGT's top holding is more exposed to the B...
ARGT: A Call Option On Argentina's Reform Story
Argentine equities have rallied post-election. But valuations remain quite reasonable relative to the improving fundamentals. Low-cost ARGT remains a great play on the structural reform story.
ARGT: Pro-Capitalist Reforms Spark A Major Rally In Argentina Equities
Argentina's wave of capitalism appears to be attracting investors, with the Global X MSCI Argentina ETF up 58% in the past 12 months. ARGT is the top country ETF year over year, with assets under mana...
Invest in Argentina, Musk says in post alongside Milei
Tesla CEO Elon Musk called on investors to back Argentina in a social-media post with the country's new leader, Javier Milei.
ARGT: Tidying Up The Argentine Economy - A Slow But Steady Sweep
ARGT offers access to the Argentine economy through the MSCI All Argentina 25/50 Index. Despite economic challenges, Argentina's government has implemented measures to combat hyperinflation, which cou...
ARGT: Not So Argentinian, Expect A Drop In Valuation
The Global X MSCI Argentina ETF may not be the best option for investors looking for Argentina risk, given that 50% of the AUM is not in Argentinean operations. Massive devaluation of the Argentine pe...
Argentina's Investment Potential: 2 Key Factors To Consider
Argentina's monetary problems, including high inflation and a weakening peso, pose significant risks for investors. The country's credit risk is also a concern, with ratings agencies predicting a pote...
Smart Picks For Tax Loss Harvesting: Top 4 ETFs
Tax loss harvesting is a strategy where investors offset capital gains with securities they sell at a loss to reduce their overall tax liability. Markets rallied to kick off 2023, but major indexes de...
Argentina stocks and bonds surge after Milei's victory. Can the party continue?
Argentina stocks surged and bonds rallied following news that radical libertarian economist Javier Milei will become Argentina's next president after an unexpected electoral win.
Argentina ETF surges after Javier Milei's decisive victory
The Global X MSCI Argentina ETF ARGT soared 13% in early trade in New York, after Javier Milei scored a decisive victory in Argentina's presidential election. Milei has proposed dollarizing the econom...
ARGT: Argentina Shows Meaningful Potential
Argentina, a South American economic powerhouse, stands tall as one of the G-20 economies. Since its inception in 2011, the Global X MSCI Argentina ETF has appreciated by 22.6% on a YTD basis and has ...
Under The Radar Strength In Commodity And Emerging Market Stocks (Technical Analysis)
Emerging markets and commodities are showing strength amid a weak USD, which has a historical negative correlation with these sectors. Risk-on currencies like the Australian Dollar and Canadian Dollar...
ARGT: Positive Change Is Afoot For Argentina
Despite Argentina's macro troubles, its equities have outperformed this year. And with market-friendly platforms gaining traction ahead of this year's election, the YTD rally likely has legs.
ARGT: Impressive Relative Strength Near All-Time Highs, Attractive Valuation
Foreign markets have seen a revival as the mega-cap U.S. growth trade wavers in the last year. While Europe and Asia catch the fanfare, one South American niche sports some of the best price action yo...
Investment Opportunities In Latin America
The MSCI Latin America Index has performed better than the MSCI Emerging Market Index cumulatively over the past 5 and 7 years as well as over longer time periods, buoyed by its natural resource compa...
Global X MSCI Argentina ETF: Momentum Beyond The Economic Headlines
ARGT has outperformed in 2022. The economic outlook for the country is weak into 2023, although ARGT's direct exposure to local conditions and FX risks is limited.
Shifting Global Winds Pose Challenges To Latin America
Economies of Latin America and Caribbean have continued their strong post-pandemic rebound, but the winds are shifting as global financial conditions are tightening and commodity prices are reversing ...
Global X MSCI Argentina ETF - Fraught With Risks
Inflation expectations for the year will likely be well over the 38-48% range mooted as part of the IMF deal. There are factions within the ruling coalition that could make it hard for the government ...
Supply Chains Disruptions In Latin America
The main disruption for Latin American traders comes from increased shipping costs and long delays to products arriving at their destinations. Latin American exporters of fruit, meat, and other perish...
Argentina Avoids Falling Into Arrears With The IMF
On January 28, both Argentina's government and the International Monetary Fund staff made announcements about an understanding on new support program. Meanwhile, in addition to the payment of amortiza...
Emerging Risks In Latin America In 2022
Latin America will start 2022 in a very fragile position given the economic fallout from the Coronavirus disease 2019 (COVID-19) pandemic, a deteriorated fiscal position, weak FDI, and the erosion of ...