Global X, the New York-based exchange-traded funds sponsor with $1.5 billion in managed assets, launched Thursday the Global X FTSE Argentina 20 ETF (ARGT), which tracks the FTSE Argentina 20 Index. That index, according to FTSE, includes the 20 largest, most liquid companies that are not listed in Argentina—the second largest economy on the continent as measured by GDP—but that “directly participate in the Argentine economy,” including ADRs, all of which are U.S. RIC-compliant.
Global X already offers five Latin American ETFs that track indexes on Brazilian consumer (BRAQ), financial (BRAF) and mid-cap companies (BRAZ), a Colombian ETF (GXG), and the Andean 40 ETF (AND), based on an index that covers the most liquid companies on the Chilean, Colombian and Peruvian stock exchanges.