There are no guarantees when courts are involved, but Argentina’s ability to thus far stave off another default has helped ARGT. The ETF is up 1.3% in the past month, good enough to make it the second-best performer over that time among single-country ETFs tracking South American nations. [Argentina ETF in Focus as New Pope is Elected]
With a standard deviation of 20.8%, ARGT is not the most docile ETF around, but the fund has a P/E of just 11.5 and a price-to-book ratio of 1.25, according to Global X data, indicating a significant discount to the broader frontier ETF FM.
Global X FTSE Argentina 20 ETF
ETF Trends editorial team contributed to this post.