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By: Surbhi Jain
With uncertainty heightening in Mexico pursuant to Donald Trump becoming President in the US; vowing to bring jobs back from Mexico to the US, while building a wall between the two countries; we may see this other Latin American (ILF) nation, Argentina, rising to investor favor. Over the last 6 months, the iShares MSCI Mexico ETF (EWW) has slid 14%, while the Global X MSCI Argentina ETF (ARGT) is up 17%, outperforming the iShares MSCI Emerging Markets ETF (EEM) and the Guggenheim Frontier Markets Equity ETF’s (FRN) performance which stood at +1.89% and +8.67%, respectively, over the last 6 months (as of February 14).
Stocks of companies such Agrometal SA, Petrolera del Conosur SA, Petroleo Brasileiro SA, and Holcim Argentina SA, are up over 200% in the past 1 year (as of February 14).
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