ARGT
Global X MSCI Argentina ETF
Global X FTSE Argentina 20 ETF seeks to track the performance of the FTSE Argentina 20 Index.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
808.6 M
ASSETS UNDER MGMT
59 bp
EXPENSES
Fund Basics
| Fund sponsor | Global X Management Co LLC |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 02, 2011 |
| Assets (mns) | $809 |
| Expense ratio | 59 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| MERCADOLIBRE INC | 18.8 % |
| YPF S.A.-SPONSORED ADR | 10.1 % |
| GRUPO FINANCIERO GALICIA-ADR | 8.1 % |
| BANCO MACRO SA-ADR | 5.3 % |
| VISTA ENERGY SAB DE CV | 4.8 % |
| PAMPA ENERGIA SA-SPON ADR | 4.8 % |
| TRANSPORTADOR GAS SUR-SP ADR | 4.6 % |
| SSR MINING INC | 4.0 % |
| CENTRAL PUERTO S.A. SPONSORED ADR | 3.7 % |
| CENCOSUD SA | 3.4 % |
Constituent Breakdown
| Number of holdings | 25 |
| Herfindahl-Hirschman Index | 800 |
| Wgt avg mkt cap (mns) | $23,086 |
| Large cap (>$10bn) | 31.4% |
| Mid cap ($2-10bn) | 48.7% |
| Small cap (<$2bn) | 19.0% |
| Developed mkts. | 13.5% |
| Emerging mkts. | 86.5% |
Country Exposure
 |
ARGENTINA | 75.0 % |
 |
CHILE | 8.7 % |
 |
CANADA | 5.0 % |
 |
UNITED STATES | 4.8 % |
 |
LUXEMBOURG | 3.8 % |
 |
URUGUAY | 2.7 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 50.8% | 54.9% | 55.7% | 41.1% | 28.3% | 15.3% | 8.1% | Volatility | 27.1% | 28.9% | 28.4% | 30.7% | 32.6% | 29.6% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.23 | 42% |
| MSCI EAFE | 1.23 | 41% |
| MSCI Emg Mkts | 0.85 | 19% |
Liquidity Measures
| Avg. volume (000) | 431 |
| Turnover | 4.4% |
| Avg. Bid/Ask (% of price) | 0.47% |
| ADV of underlying (mns) | $705 |
Technical Indicators
| Recent close | $82.38 |
| 30d moving avg. | $83.26 |
| Annualized volatility | 33.5% |
| Relative strength (RSI) | 62 |
| Short interest (ETF) | 4.9% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ARGT |
Expenses vs. ARGT |
ALTAR Score™ vs. ARGT |
|---|---|---|---|---|
| AADR | AdvisorShares Dorsey Wright ADR ETF | 16.1% | +51 bp | +0.3% |
Risk and Returns: ARGT vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
ARGT
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
ARGT
5.3%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 164 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
4.1%. ARGT's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places ARGT in the 27th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ARGTSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Emerging Market Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 52.8 bp |
| Std. Deviation | 23.2 bp |
| ARGT (59 bp) Percentile rank | 62 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ARGT | 59.0 | 46.6 | 105.6 |
| Peer Avg. | 57.4 | 20.9 | 78.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .