Global X MSCI Argentina ETF | ARGT

High RiskEquity
Global X MSCI Argentina ETF
Issued by:Mirae Asset
Exchange : AMEX
Unit Price (NAV) :
$
Minimum investment: 3 units
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Global X MSCI Argentina ETF | ARGT

Global X MSCI Argentina ETF | ARGT

About ARGT ETF

Overview:
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.

Investment Strategy:
The ETF seeks to track the investment results of an index composed of a broad range of companies in Argentina.

Sector:
ARGT has invested in Technology (27%), Energy (25%), Financials (13%), Consumer Non-Cyclical (8%), and Utilities (5%).

Geography:
ARGT has invested in Argentina (57%), Netherlands (16%), United States (6%), Chile (6%), and Italy (5%).

Recommended for:
Growth

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."

Additional Information:
1. Fund Factsheet
2. 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.

Returns

PerformanceYTD actual1Y p.a3Y p.a5Y p.a10Y p.a
Global X MSCI Argentina ETF11.31%36.41%11.93%7.58%5.54%

Asset Class

Asset type breakdown
Stock non-US80.34%
Stock US19.51%
Cash0.15%

ARGT Holdings - Top 10

NameiWeightage (%)
MercadoLibre Inc19.61%
Globant S.A19.51%
Grupo Financiero Galicia S.A5.83%
SSR Mining Inc4.52%
Yamana Gold Inc4.42%
Adecoagro S.A4.33%
YPF Sociedad Anónima4.24%
Pampa Energía S.A3.95%
Banco Macro S.A3.79%
Compañía Cervecerías Unidas S.A3.55%

ARGT Sectors/Industry Breakdown

Sectori% of market value
Consumer Cyclicals28.96%
Technology19.54%
Financial Services11.74%
Consumer Defensive11.26%
Basic Materials10.90%
Utilities6.54%
Energy6.19%
Industrials2.34%
Communication Services2.18%
Real Estate0.34%

ARGT Countries

Countryi% of market value
Latin America70.12%
North America28.50%
Europe Developed1.38%

Returns Calculator

Investment ofper month
gives returns of :
at 3.28% / annum
$in 10 years
amount
for a time period of
time1Y3Y5Y10Y
Returnsbased on historic SIP returns of 3.28% per annum
$
$
$+ 3.28

ARGT Summary Data

Total Net Assets $i
Average Mkt Cap Mil $i
Symbol ARGT
Exchange ARCX
ISIN US37950E2596
Cat. Benchmark MSCI ACWI Ex USA NR USD
Asset class Equity
Category Miscellaneous Region
Country US

ARGT Key Metrics

Net Expense Ratio 0.6i
Beta 1.64i
Valuations Rates Portfolio PE 13.16485i
3 Year Standard Deviation 39.45i

Fund Strategy

Global X MSCI Argentina ETF operates as an exchange-traded fund enlisted in the USA. The Fund tracks the performance of the MSCI Argentina Index. The MSCI All Argentina 25/50 Index is designed to represent the performance of the broad Argentina equity universe while including a minimum number of constituents. The Fund is market cap-weighted and rebalances on a yearly basis.

ARGT Fact Sheets & Reports

Global X MSCI Argentina ETF | ARGT