Nov
05
Argentina ETF Sees Inflows as Election Optimism Lures Investors
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Biggest stock ETF sees first inflows since April, data show
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Merval index trading shows bullish `golden cross’ pattern
Investors are putting money into Argentina’s largest exchange-traded stock fund on speculation that a new government taking over this year will push through policies that bolster growth and damp inflation.
The Global X MSCI Argentina ETF recorded inflows of $970,000 on Wednesday, the first for the fund since April, according to data compiled by Bloomberg. The fund, which has a market value of about $16 million and mostly invests in American depositary receipts of Argentine companies, has climbed 3.7 percent this year…
Argentina ETF Sees Inflows as Election Optimism Lures Investors
