After several years of dismal performances, Latin America exchange traded funds are roaring back in 2016 and have actually been leaders of the emerging markets resurgence. Rebounding commodities prices and the weaker dollar are key reasons why Latin America ETFs are rebounding.
“Macri has eliminated most capital controls and moved to reach a deal with creditors, helping to dispel a cloud that has lingered over the country since its 2001 default. Index-provider MSCI in June said it would begin a 12-month review to decide whether to promote Argentina to emerging-market status from its frontier-market index,” adds MarketWatch.
For more information on the developing economies, visit our emerging markets category.
Global X MSCI Argentina ETF