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Global X MSCI Argentina ETF (ARGT)

Rating:60Neutral

Price Target:

$93.00

The Global X MSCI Argentina ETF (ARGT) has a balanced rating, reflecting both strong performers and areas of concern among its holdings. Mercadolibre (MELI), the largest holding, contributes positively with its strong financial performance and earnings sentiment, though high leverage and valuation concerns slightly temper its impact. On the other hand, YPF and Banco Macro (BMA) face challenges such as declining revenue growth and bearish technical trends, which may have held back the ETF’s overall rating. A key risk factor is the ETF's concentration in a single region, Argentina, which could amplify exposure to local economic and political volatility.

Positive Factors

Strong Performance from Top Holding

Mercadolibre, the ETF's largest holding, has delivered strong year-to-date gains, supporting overall returns.

Sector Diversification

The ETF invests across multiple sectors, including Consumer Cyclical, Energy, and Financials, reducing dependence on any single industry.

Moderate Expense Ratio

The fund's expense ratio is reasonable compared to many specialized ETFs, helping investors retain more of their returns.

Negative Factors

Underperforming Holdings

Several top holdings, including YPF and Grupo Financiero Galicia, have experienced weak year-to-date performance, dragging down the fund.

High Geographic Concentration

The ETF is heavily concentrated in U.S. and Canadian companies, limiting exposure to other global markets.

Declining Short-Term Performance

The fund has shown negative returns over the past month and three months, which may concern investors seeking momentum.

ARGT vs. SPDR S&P 500 ETF (SPY)

AUM759.73M

RegionLatin America

Expense Ratio0.59%

Beta0.61

IssuerGlobal X

Inception DateMar 02, 2011

Dividend Yield1.08%

Asset ClassEquity

Index TrackedMSCI All Argentina 25/50

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume791,992

30 Day Avg. Volume531,016

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

101.24

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering25

ARGT Summary

The Global X MSCI Argentina ETF (ARGT) is a fund that lets investors explore the growing economy of Argentina by investing in a variety of companies across different sectors. It follows the MSCI All Argentina 25/50 Index, which includes businesses in energy, financial services, and consumer goods. Some well-known companies in the ETF are Mercadolibre, a major e-commerce platform, and YPF Sociedad Anonima, an energy company. This ETF could be appealing for those looking to diversify their portfolio and tap into Argentina’s potential for growth. However, new investors should know that the fund’s performance is closely tied to Argentina’s economy, which can be volatile and impacted by political and economic changes.

How much will it cost me?The Global X MSCI Argentina ETF (ARGT) has an expense ratio of 0.59%, meaning you’ll pay $5.90 per year for every $1,000 invested. This is higher than average for ETFs because it is focused on a specific market (Argentina) and requires more active management to maintain its targeted exposure.

What would affect this ETF?The Global X MSCI Argentina ETF (ARGT) could benefit from Argentina's ongoing economic reforms and market liberalization, which may drive growth in key sectors like energy, agriculture, and financial services. However, challenges such as political instability, currency fluctuations, and global economic uncertainty could negatively impact the ETF's performance, especially given its concentrated exposure to Argentina's economy. Investors should also monitor sector-specific trends, as the ETF's top holdings in companies like Mercadolibre and YPF are sensitive to changes in consumer demand and energy prices.

ARGT Top 10 Holdings

The Global X MSCI Argentina ETF (ARGT) is heavily influenced by Mercadolibre, which has been steady year-to-date but is losing steam in recent months, tempering its ability to drive the fund forward. Energy names like YPF and Vista Oil & Gas are also dragging performance, weighed down by bearish trends despite strategic growth efforts. On the brighter side, SSR Mining has been a rising star, benefiting from strong technical momentum and solid earnings. With a concentration in consumer cyclical and energy sectors, ARGT reflects Argentina’s economic pulse but faces mixed results across its holdings.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
MELI	Mercadolibre	21.28%	$161.04M	$117.99B	13.25%	78 Outperform
YPF	YPF Sociedad Anonima	11.31%	$85.61M	$14.88B	43.59%	66 Neutral
GGAL	Grupo Financiero Galicia SA	11.01%	$83.37M	$9.85B	13.86%	70 Outperform
SSRM	SSR Mining	5.29%	$40.07M	C$6.43B	267.43%	66 Neutral
BMA	Banco Macro SA	5.08%	$38.46M	$5.95B	19.58%	64 Neutral
VIST	Vista Oil & Gas SAB de CV	4.76%	$36.05M	$4.62B	-1.84%	76 Outperform
PAM	Pampa Energia SA	4.56%	$34.49M	$4.87B	29.96%	72 Outperform
TGS	Transportadora De Gas Sa Ord B	4.54%	$34.33M	$4.90B	38.85%	73 Outperform
CEPU	Central Puerto SA	3.66%	$27.71M	$2.46B	38.80%	73 Outperform
BBAR	Banco BBVA Argentina	2.84%	$21.47M	$3.53B	20.25%	64 Neutral

ARGT Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

75.54

Positive

100DMA

79.58

Positive

200DMA

82.42

Positive

Market Momentum

MACD

5.30

Negative

RSI

80.03

Negative

STOCH

95.31

Negative

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For ARGT, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 77.80, equal to the 50-day MA of 75.54, and equal to the 200-day MA of 82.42, indicating a bullish trend. The MACD of 5.30 indicates Negative momentum. The RSI at 80.03 is Negative, neither overbought nor oversold. The STOCH value of 95.31 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ARGT.

ARGT Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
ARGT	―	―	$759.73M	0.59%	60 Neutral
TOUS	―	―	$990.80M	0.50%	65 Neutral
DDWM	―	―	$970.64M	0.40%	64 Neutral
APIE	―	―	$947.12M	0.45%	65 Neutral
QEFA	―	―	$942.79M	0.30%	65 Neutral
FLGB	―	―	$922.31M	0.09%	71 Outperform

Performance Comparison

ARGT

Global X MSCI Argentina ETF

95.43

22.73

31.27%

TOUS

T. Rowe Price International Equity ETF

―

DDWM

WisdomTree Dynamic Currency Hedged International Equity Fund

―

APIE

ActivePassive International Equity ETF

―

QEFA

SPDR MSCI EAFE StrategicFactors ETF

―

FLGB

Franklin FTSE United Kingdom ETF

―

Glossary

BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―

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