Just because Argentina may have fools for political leaders, doesn’t necessarily mean it’s foolish to invest in the economy.
Legendary investor Baron von Rothschild once stated that, “When the streets of Paris run with blood, I buy!” If he were alive today, he would probably be commenting about the streets of Buenos Aires, where the stock market is swimming with red ink amid threats of nationalization.
U.S. cell phone users are used to having the right to keep their numbers when they switch networks. As the practice of making account information “portable” spreads, competition for subscribers in emerging markets is already getting more intense — and profit margins are feeling the strain.
Emerging stocks have underperformed their counterparts in the developed world, but there are still plenty of value plays in these markets.
Argentina is a great market for U.S. retail investors, with over a dozen fairly liquid ADRs with direct or indirect exposure. You can play this resurgent Latin powerhouse.
Without an Argentina-specific ETF, it might be worth looking at individual stocks trading on the New York Stock Exchange as ADRs. But which sectors are represented here?