ARGT

Global X MSCI Argentina ETF

Global X FTSE Argentina 20 ETF seeks to track the performance of the FTSE Argentina 20 Index.


Passive, Concentrated

MANAGEMENT MATRIX

AADR

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorGlobal X Management Co LLC
CategoryEmerging Market Equities
Asset classEquity
Websitelink...
Inception dateMar 02, 2011
Assets (mns)$173
Expense ratio59 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
MERCADOLIBRE INC 22.7 %
YPF S.A.-SPONSORED ADR 7.8 %
GRUPO FINANCIERO GALICIA-ADR 7.5 %
BANCO MACRO SA-ADR 6.2 %
PAMPA ENERGIA SA-SPON ADR 5.2 %
FILO MINING CORP. 4.5 %
ARCOS DORADOS HOLDINGS INC-A 4.2 %
TRANSPORTADOR GAS SUR-SP ADR 4.2 %
EMBOTELLADORA ANDINA-PREF B 4.0 %
ADECOAGRO SA 3.6 %
Constituent Breakdown
Number of holdings25
Herfindahl-Hirschman Index 865
Wgt avg mkt cap (mns)$23,926
Large cap (>$10bn)30.2%
Mid cap ($2-10bn)40.9%
Small cap (<$2bn)27.1%
Developed mkts.16.6%
Emerging mkts.83.4%
Country Exposure
ARGENTINA 71.8 %
CHILE 10.6 %
CANADA 7.7 %
LUXEMBOURG 5.6 %
URUGUAY 4.2 %
Historical Performance


Standardized Annual Returns (as of 02/29/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
0.0% 31.4% 28.8% 22.8% 14.3% 11.6% 5.2%
Market Correlations
versus...BetaR-squared
S&P 5001.3148%
MSCI EAFE1.4352%
MSCI Emg Mkts1.1133%
Liquidity Measures
Avg. volume (000)64
Turnover1.8%
Avg. Bid/Ask (% of price)0.47%
ADV of underlying (mns)$558
Technical Indicators
Recent close$49.86
30d moving avg.$46.68
Annualized volatility34.1%
Relative strength (RSI)76
Short interest (ETF)0.9%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Comparable ETFs Based on Overlap
Ticker Fund Name Overlap
vs. ARGT
Expenses
vs. ARGT
ALTAR Score™
vs. ARGT
AADR AdvisorShares Dorsey Wright ADR ETF   12.3%   +51 bp -0.7%
Risk and Returns: ARGT vs. Comps (1 YR)

Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
0.9 12.3 1.6 2.5% --
Based on closing prices from 2/29/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
ARGT



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

ARGT

5.9%

Cat. Avg

6.5%

Fund Category: Emerging Market Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™5.9%
Recommendation

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

Category Overview
There are 164 funds in the Emerging Market Equities category, with an average ALTAR Score™ of 6.5% and a standard deviation of 5.0%. ARGT's ALTAR Score™ is approximately 0.1 standard deviations below the category average. This places ARGT in the 45th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
ARGT
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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Today's Trading

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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
ARGT 59.0 46.6 105.6
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.