Emerging Market Investors Should Look at Argentina
Source: The Street
By: Rhonda Schaffler
Argentina should be on the top of your list of places to invest abroad, according to Kabir Sehgal, a contributor for TheStreet. Sehgal says Argentina is more attractive thanks to economic reforms that are in the works from the new president, Mauricio Macri. Sehgal said there are several ways to invest in Argentina, either through the Global X MSCI Argentina ETF (ARGT), or stocks. He pointed out there are six companies with ADRs listed in New York; Banco Marco (BMA) BBVA Banco Frances (BFR), Banco Galicia (GGAL), Adecoagro (AGRO), Pampa Energia (PAM), and YPF (YPF). Sehgal also said suggested guying shares of Globant (GLOB), a software company with operations in Argentina. Even with the stock up 100% in the past year, Sehgal believes there’s room to grow.
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