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Argentina Equity

Argentina equity mutual funds and ETFs own securities listed on the Buenos... Argentina equity mutual funds and ETFs own securities listed on the Buenos Aires Stock Exchange. The most well-known exchange is the Merval Index which is a modified market capitalization-weighted index composed of 10 stocks. Another index is the MSCI Argentina Index, which includes 11 stocks covering 85% of Argentina’s total market capitalization. Argentina equity mutual funds and ETFs tend to have large weightings in consumer discretionary, financials, and consumer staples. Some of the largest companies include Mercadolibre, Grupo Galici, and Banco Macro. These funds may be passively or actively managed. They may also leave currency exposure unhedged, or choose to protect the portfolio from swings in the value of the Peso. The Argentinian economy, the world’s 24th largest by nominal Gross Domestic Product as of 2022, is characterized by high inflation, a well-educated population, and a focus on exports. Investment as a share of nominal GDP was 20.2% of 2022, above the long-term average of 17.6% going back to 1993. Soybeans, petroleum, and vehicles are key exports. As an emerging market economy, Argentina equity mutual funds and ETFs are often purchased by more aggressive-minded investors. Last Updated: 04/15/2024 View more View less

Argentina equity mutual funds and ETFs own securities listed on the Buenos Aires Stock Exchange. The most well-known exchange is the Merval Index which is a modified market capitalization-weighted index composed of 10... Argentina equity mutual funds and ETFs own securities listed on the Buenos Aires Stock Exchange. The most well-known exchange is the Merval Index which is a modified market capitalization-weighted index composed of 10 stocks. Another index is the MSCI Argentina Index, which includes 11 stocks covering 85% of Argentina’s total market capitalization. Argentina equity mutual funds and ETFs tend to have large weightings in consumer discretionary, financials, and consumer staples. Some of the largest companies include Mercadolibre, Grupo Galici, and Banco Macro. These funds may be passively or actively managed. They may also leave currency exposure unhedged, or choose to protect the portfolio from swings in the value of the Peso. The Argentinian economy, the world’s 24th largest by nominal Gross Domestic Product as of 2022, is characterized by high inflation, a well-educated population, and a focus on exports. Investment as a share of nominal GDP was 20.2% of 2022, above the long-term average of 17.6% going back to 1993. Soybeans, petroleum, and vehicles are key exports. As an emerging market economy, Argentina equity mutual funds and ETFs are often purchased by more aggressive-minded investors. Last Updated: 04/15/2024 View more View less

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As of 4/15/24

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