ARGT: Not Good Enough To Invest In Argentina

  • Argentina offers high growth potential but is plagued by extreme volatility, currency issues, and political instability, making broad market investing very risky. The MSCI Argentina Index outperformed the S&P 500 in up markets but suffers from wild swings and poor risk-adjusted returns, making it a feast-or-famine scenario. The Global X MSCI Argentina ETF (ARGT) fails to deliver compelling risk-adjusted returns, with high volatility and tracking error; I rate it a 'Sell.'