About ARGT ETF
The Mirae Asset Argentina ETF (ARGT) offers broader exposure to the Argentine equity market than MSCI all Argentina Index benchmark, which tracks just 10 names and is managed by Mirae Asset Global Investments that has a total AUM of $133.8B.
ARGT is an exchange-traded fund incorporated in the USA in March 2011. The ETF offers broader exposure to the Argentine equity market than the segment benchmark, which tracks just 10 names. This was made possible only by including Argentine firms traded overseas.
About the Fund Manager:
Mirae Asset was incorporated in 1987, offers insightful financial strategies throughout diversified product offerings and manages $389.B. Mirae Asset has a presence in Australia, Brazil, Canada, China, Colombia, Hong Kong, India, Korea, Mongolia, Singapore, Taiwan, the U.K., the United States and Vietnam.
The ETF seeks to track the investment results of an index composed of a broad range of companies in Argentina.
ARGT has invested in Technology (27%), Energy (25%), Financials (13%), Consumer Non-Cyclical (8%), and Utilities (5%).
ARGT has invested in Argentina (57%), Netherlands (16%), United States (6%), Chile (6%), and Italy (5%).
According to ETFdb.com, "ARGT is a nice option for investors who want to load up on Argentina but be aware the fund could experience high levels of volatility."
Assessing The Argentina ETF
How did we identify this ETF:
A complete pool of 2100+ ETFs are screened on various qualitative and quantitative parameters to evaluate efficiency, tradability and fit. The metrics used were alpha, beta and R - squared with respect to the segment benchmark and ETF specific metrics such as expense ratio, drawdown, volatility and the overall rating. We evaluate all ETFs and assign a composite score based on our analysis and then select the top ones in a category based on that comprehensive score by the inhouse research / quant analysts team. With a low expense ratio and a high volume for a country centric ETF, ARGT makes the cut. The strategy is rebalanced on a quarterly basis with the rebalancing mechanism being determined by an algorithm that takes into account the overall performance of the strategy so far.