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 shows the YTD performance of Argentina ADRs:
Source: BNY Mellon
Related ETF:
Global X FTSE Argentina 20 ETF (ARGT)
Disclosure: Long BMA
