Mark Mobius: Argentina Stocks Are Cheap

The Argentina stock market is one of the best performing market so far this year. The benchmark Merval index is up 39% year-to-date. As a frontier market Argentine stocks are highly volatile and most global investors avoided them until last year. Years of political and economic chaos made Argentina the pariah of the international investing …

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The Composition of Argentina GDP by Sector

Argentina is the second largest economy in South America after Brazil. In 2014, the GDP about $545 billion according to the IMF. Argentina is one of the largest exporter of food and agricultural products such as beef, soybean, sunflower seeds, etc. The GDP of Argentina by sector is shown below: Click to enlarge Source: Unconventional Gas …

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Argentina Stocks Have Soared So Far This Year. Should You Buy Now?

Argentina went to poll today in the run-off to elect a new president. Global investors hope that the new president can get the economy going on the right track after years of stagnation. Ahead of this election, Argentina stocks are on fire with the Merval Index up by 65% year-to-date. The long-term return of the …

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Performance Review of Argentina ADRs Year-to-Date

The long-running battle between Argentina and some U.S. hedge funds took a turn for the worst yesterday when Argentina defaulted on its debt. Argentina has always been a basket case of economic and political mismanagement and hence this default is not a shock to most investors. Since the country is not a major economy at a global …

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Avoid Argentina Stocks This Year

Emerging equity markets are having another bad year so far. Some of the emerging market currencies such as the Russian Ruble, Turkish Lira, Argentina Peso, etc. fell heavily this week adversely affecting the stocks markets. As investors fled the emerging markets, developed markets also followed especially this week. Argentina is one of the main initiators …

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Argentinian Stocks Are On The Move

Argentina was a pariah of global investors up until last year due to many reasons including the nationalization of the country’s oil company YPF in May.However investors have become bullish on Argentina for the past year according to an article in FT beyondbrics. The benchmark Merval index has almost doubled this year. The following table …

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