Mike PhilbrickGlobal X MSCI Argentina ETFARGTPAST TOP PICKAug 30, 2024
(A Top Pick Jul 24/23, Up 40%)
Would recommend holding. A good way to get international exposure. Recent change in Federal government a very good development for the country. Seeing lots of opportunity within Argentina. Valuations of many companies historically low with political unrest.
ARGT allows participation in the market development of Argentina adding diversification. The largest holding in the fund, MercadoLibre, is the central American equivalent of Amazon. Energy stocks make up the other major holdings in the fund. We recommend setting a stop-loss at $89, looking to achieve $115 -- upside potential of 18%. Yield 0%
Best performing single country ETF this year (2023). Near shoring & re-shoring of production benefiting Mexico and Latin America. Equities inflation hedged (lots of inflation in Argentina) Good way to get exposure outside of North America. Under valued - not many people know about asset.
Would recommend holding. A good way to get international exposure. Recent change in Federal government a very good development for the country. Seeing lots of opportunity within Argentina. Valuations of many companies historically low with political unrest.