ARGT: Strong Country ETF YTD Sees Record Inflows
- Argentina equities' strength, driven by a pro-capitalist government, have made ARGT the best-performing country ETF in 2024, attracting record inflows.
- ARGT's growth story is compelling despite its 0.59% expense ratio and high volatility, with a forward P/E of 16 (per the issuer) and a 19% EPS growth rate.
- The ETF's portfolio is highly cyclical, with significant allocations to Consumer Discretionary and Financials, and a notable overweight in Energy.
- I outline a 'buy the dip' strategy, targeting support in the low $70s, while maintaining a long-term bullish outlook on ARGT.
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Momentum investors probably know which is the best-performing country ETF in 2024. Argentina equities have soared over multiple timeframes as a pro-capitalist government continues its regime in the South American country. Bloomberg reports that
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