Global X MSCI Argentina ETF

ARGT

Market cap $671M

Persistent exchange rate pressures continued to weigh on Argentina's financial markets on Wednesday, straining the Treasury as proceeds from a special liquidation deal with agricultural exporters dwindle.

Argentina's peso weakened marginally on Monday while stocks edged up and bond prices rose in anticipation of news of financial aid from the U.S. Treasury and as political tensions in Argentina escalate before the country's midterm elections later this month.

Kevin Carter, EMQQ founder and CIO, and Dave Nadig, ETF.com president and director of research, join CNBC's Contessa Brewer to discuss the appetite for emerging markets this year and if the opportunity has passed, the SEC potentially allowing asset managers to add ETF share classes to mutual funds and the crypto ETF products that could launch before year-end.

Treasury Secretary Scott Bessent on Wednesday gave more details on how the White House plans to use government funds to help embattled Argentina President Javier Milei.

The South American nation faces a market run on its peso amid questions about its economic prospects.

Argentina's international bonds jumped and stocks climbed on Tuesday ahead of an expected meeting between U.S. President Donald Trump and Argentine leader Javier Milei, extending the previous session's sharp gains.

The 'Fast Money' traders discuss U.S. backing for Argentina, the impact on the peso, fiscal austerity measures, opportunities in Mercado Libre, and the broader implications for emerging markets and trade tensions, and much more.

Downgrade Global X MSCI Argentina ETF from buy to hold after Milei's party's defeat in key provincial legislative elections. The loss undermines a critical pillar of the investment thesis, raising doubts about the passage of economic reforms and increasing political risk for ARGT. Despite ARGT trading below historical P/E averages, falling earnings and diminished upside reduce the risk-return appeal.

Investors took the result of the Buenos Aires province election as a harbinger for next month's national midterm polls and fled Argentine assets.

Wall Street is taking a step back from Javier Milei, the Argentine president whose free market crusade won praise from Elon Musk, Donald Trump and investors across the board. Patrick Gillespie explains.