The latest Trading the Globe special on CNBC took an in-depth look at Argentina, a market with many of the components that make Brazil a world-class emerging economy.
Watch the video here:
Argentina is out of the wilderness: For nearly a decade since the 1998 bond market rout, Argentina has been isolated from international capital markets after declaring the largest sovereign debt default in history. But now the country is re-emerging as a regional and global player to watch.
Economic momentum is solid: Is Argentina the next big emerging market to follow in the Brazil mold? Is it too late to climb aboard? Either way, with Argentina on track to post a strong fiscal trade surplus and growth this year, the economic momentum should carry through 2011.
Two ETFs for Argentina: While there is no pure ETF play for Argentina, there are at least two that offer exposure to Argentina along with various blends of stocks from Brazil, Chile, China and other countries: PIE (quote) and ILF (quote).
Sector-by-sector: how to crack the Argentine market: Without an Argentina-specific ETF available to U.S. retail investors, it might be worth looking at individual stocks trading on the New York Stock Exchange as ADRs. But which sectors are represented here?