Argentina ETF in Focus as Pope Francis Takes Office

ETF Spotlight on the Global X FTSE Argentina 20 ETF (NYSEArca: ARGT), part of an ongoing series. The global spotlight is on Argentina after Cardinal Jorge Mario Bergoglio of Buenos Aires was named Pope Francis leader of the Catholic world.

Assets: $4 million.

Objective: The Global X FTSE Argentina 20 fund tries to reflect the performance of the FTSE Argentina 20 Index, which is comprised of the twenty largest companies in the Argentine market.

Holdings: Top holdings include Mercadolibre Inc 20.2%, Tenaris SA 19.8%, Arcos Dorados Holdings 11.4%, Telecom Argetina 5.6% and YPF Sociedad Anonima 5.1%.