ETFs & Mutual Funds
Argentina ETF Sees Record Inflows as Traders Buy Milei’s Efforts
- ARGT saw $144 million of inflows last week, the most on record
- Investors are optimistic about Milei’s shock therapy, economy
Javier Milei
Photographer: Arthur Menescal/BloombergThis article is for subscribers only.
An exchange-traded fund tracking Argentine stocks saw record inflows as Wall Street embraces President Javier Milei’s efforts to quell inflation and reverse years of endemic budget deficits.
The Global X MSCI Argentina ETF, known by its ticker ARGT, absorbed $144 million of inflows for the week that ended on Nov. 22, with $88 million coming in on Friday alone, according to data compiled by Bloomberg. The fund, which is a vehicle for traders to pile into equity bets on a country where access to local markets is complicated by capital controls, saw assets jump roughly seven-fold from $104 million when Milei took office to some $750 million on Monday.