iShares MSCI Argentina & Glb Exps ETF (AGT)
AGT Price and Sentiment
AGT Latest news
Currency controls led to the index provider dropping the country from emerging market status.
Wall Street was upbeat last week, mainly driven by these ETF areas.
Argentina could be headed for a massive bond restructuring, which puts its single country-focused ETFs on watch.
Argentina ETFs have fallen on hard times, but the country may find a helping hand from the International Monetary Fund as the institution stated its intent to help the Latin emerging economy work through its current crisis.
After experiencing a steep plunge, Argentina country-specific exchange traded funds could warrant another look, especially with Buenos Aires and the International Monetary Fund taking steps to stabilize the economy.
Argentina country-specific ETFs continued to push higher Thursday for the second day as the government’s new capital controls help assuage market fears. On Thursday, the Global X MSCI Argentina ETF (NYSEArca: ARGT) advanced 3.4% and the iShares MSCI Argentina and Global Exposure ETF (AGT) increased 3.0%.
A dire economic situation with a shrinking economy and serious inflation was already buffeting the Argentinian stock market, but this became dramatic after a surprise election loss of the government.
Todd Rosenbluth, CFRA Research, and Tom Lydon, ETF Trends editor, join 'ETF Edge' to discuss how to hedge your currency as the trade war continues.
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