5.0
Global X MSCI Argentina ETF (ARGT) is an exchange-traded fund that seeks to track the performance of an index composed of large- and mid-cap companies with significant exposure to the Argentine economy. The ETF is managed by Global X Management Company and trades under the ticker ARGT on NYSE Arca.
Classified as an international equity ETF focused on the Argentine stock market, ARGT aims to reflect, before fees and expenses, the aggregate performance of the stocks that make up its benchmark index.
To achieve this objective, the fund employs a passive management strategy, maintaining a portfolio that seeks to replicate the composition and weighting of the index.
ARGT’s benchmark is based on the MSCI Argentina Index, which includes large- and mid-cap companies with significant exposure to the Argentine economy, weighted by float-adjusted market capitalization and subject to periodic rebalancing.
Diversification and sector exposure
ARGT provides exposure to the Argentine equity market, with sector diversification that includes companies operating across key segments of the Argentine economy, such as:
Financials.
Energy.
Materials.
Consumer discretionary.
Health care.
This composition allows the ETF to offer diversified exposure to the main sectors of the Argentine stock market.
Structure and costs
Shares of ARGT are traded on the secondary market, while creation and redemption of shares are carried out by authorized participants, a mechanism that helps keep the ETF’s market price close to its net asset value (NAV).
The fund carries an expense ratio typical of emerging market ETFs — generally higher than those focused on developed markets — and does not charge a performance fee.
ARGT may make periodic income distributions, depending on the dividend policies of the companies held in its portfolio. The ETF has a single share class and trades exclusively under the ticker ARGT.
History and evolution of the ETF
The Global X MSCI Argentina ETF was launched in 2011, during a period of growing investor interest in gaining direct exposure to Latin American economies through exchange-traded funds.
Since its launch, ARGT has been used by both institutional and individual investors seeking access to the Argentine economy, despite its volatility and emerging market characteristics.
Between 2020 and 2024, the ETF reflected movements in the Argentine equity market in response to relevant macroeconomic developments, including changes in domestic economic policy, currency fluctuations, and shifts in growth expectations, while maintaining solid liquidity within its category.
