Stocks & Investing
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Stocks and Investing
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Argentina ETF Sees Record Inflows as Traders Buy Milei's Efforts
- An exchange-traded fund tracking Argentine stocks saw record inflows as Wall Street embraces President Javier Milei's efforts to quell inflation and reverse years of endemic budget deficits.
The article from BNN Bloomberg discusses the significant interest in Argentina's financial markets following the election of Javier Milei as president. Investors are betting on Milei's economic reform promises, leading to record inflows into the Global X MSCI Argentina ETF. The ETF saw its largest daily inflow since its inception in 2011, with investors pouring in $1.7 million on a single day, reflecting optimism about Milei's plans to dollarize the economy, abolish the central bank, and implement drastic spending cuts. Despite the enthusiasm, there are concerns about the feasibility of these reforms and the potential for social unrest, given Argentina's history of economic volatility. The article also notes that while the ETF has surged, the broader market remains cautious, with Argentine bonds and the peso still facing significant challenges.
Read the Full bnnbloomberg Article at [ https://www.bnnbloomberg.ca/investing/2024/11/25/argentina-etf-sees-record-inflows-as-traders-buy-mileis-efforts/ ]
Read the Full bnnbloomberg Article at [ https://www.bnnbloomberg.ca/investing/2024/11/25/argentina-etf-sees-record-inflows-as-traders-buy-mileis-efforts/ ]
