Is It Too Late To Buy Into Argentina?
By: Adrian Limoli
Argentina’s market continues to show spectacular gains despite Trumpnomics and its effects on LatAm.
For big players and influencers such as investment banks, funds and rating agencies, optimism is on the rise.
The inclusion of ARGTES bonds in the GBI-EM index, more sovereign rating upgrades to come and the chance of becoming an EM again are big drivers.
Despite Trumpnomics and its effect on LatAm assets, Argentina's stock market continues to show great performance. January in particular has been spectacular for the country's benchmark index, the Merval, marking one of the best beginnings of the year on record.
But beyond Merval's nominal appreciation, most Argentina related assets such as the country's ETF, Global X MSCI Argentina (NYSEARCA:ARGT), have not lost any traction for the past 12 months.
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