Thu, November 28, 2024
Wed, November 27, 2024
Tue, November 26, 2024
Mon, November 25, 2024
Sun, November 24, 2024
Wed, November 13, 2024
Tue, November 12, 2024
Tue, October 8, 2024
Mon, October 7, 2024
Fri, October 4, 2024

Argentina ETF Sees Record Inflows as Traders Buy Milei's Efforts


  Copy link into your clipboard //stocks-investing.news-articles.net/content/202 .. cord-inflows-as-traders-buy-milei-s-efforts.html
  Print publication without navigation Published in Stocks and Investing on by Thomas Matters

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/ ]

Publication Contributing Sources

Publication Sponsors
[ Last Sunday ] - Oceanside Rental Gear