With recession concerns easing and Fed rate cut talks rising, Wall Street closed August with renewed optimism.
Over the last couple of years, ARGT has delivered outstanding alpha of 3.5x relative to global markets. Argentina's growth prospects have taken another hit. ARGT's top holding is more exposed to the Brazilian region with over half its revenues coming from there.
Argentine equities have rallied post-election. But valuations remain quite reasonable relative to the improving fundamentals. Low-cost ARGT remains a great play on the structural reform story.
This quarter's 13Fs and insider buys offer vital clues about what the smart money is betting on. Argentina, small caps, Bitcoin, and China are essential market areas to track.