American provider Global X has launched an ETF focusing exclusively on Argentina, listed on NYSE Arca.
The FTSE Argentina 20 ETF tracks the performance of the 20 largest and most liquid companies that directly participate in the Argentine economy but are not listed in the country. Argentina is the second largest economy in South America after Brazil, having seen an average GDP growth rate of 6.7% over the past five years. The country is a strong commodities exporter and Global X says its fund may enable investors to benefit from increased food demand across the emerging world. The company's investment profile for Argentina also suggests the country is to benefit from investment in infr...
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