ARGT / Global X MSCI Argentina ETF: Momentum Beyond The Economic Headlines

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 ET more_horizontal

As the second-quarter draws to a close, Wall Street and global markets, must be interested in knowing which country ETFs won in the second quarter. more_horizontal

Wall Street displayed a muted performance last week as the S&P 500 and the Nasdaq snapped the prolonged winning streak. more_horizontal

For investors seeking momentum, Global X MSCI Argentina ETF ARGT is probably on radar. The fund just hit a 52-week high and is up 104% from its 52-wee more_horizontal

Emerging markets and commodities are showing strength amid a weak USD, which has a historical negative correlation with these sectors. Risk-on currenc more_horizontal

Despite Argentina's macro troubles, its equities have outperformed this year. And with market-friendly platforms gaining traction ahead of this year's more_horizontal

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 Amer more_horizontal

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 risk more_horizontal