Investors Pile Into Argentina’s Largest ETF Before VoteBy
Investors are raising their exposure to Argentina ahead of Sunday’s midterm elections. Bets are increasing that President Mauricio Macri will be able to push ahead with his pro-business reform agenda. The largest ETF focused on the country is headed for the most inflows in six months ahead of legislative elections as polls suggest Macri’s candidates are leading. The added exposure comes as local stocks approach record highs after gaining 43 percent in dollar terms this year, raising alarms that the market may be overheated and a sell-off near.