Loading…
Loading…
Druckenmiller's investments aren't necessarily intended to be for the long term.
The World Cup has reached its final four. Spain, France, England, and Argentina will contest some exciting matches this week in advance of the final.
The iShares Latin America 40 ETF (NYSEARCA:ILF) is the default vehicle for U.S. investors who want regional exposure without having to set country weights themselves. ILF tracks the S&P Latin America 40 Index, holds 52 companies, and manages $4.14 billion at a 0.47% expense ratio. The fund has performed well recently, returning 32.44% over the... Skip Broad Latin America. This Single-Country Fund Is Where the Reform Rally Is
Stanley Druckenmiller's Duquesne Family Office spent the first quarter of 2026 quietly accumulating South American equity exposure, with EWZ representing roughly 4.49% of the portfolio as the fifth-largest holding alongside a new position in the Argentina ETF.
I'm upgrading Global X MSCI Argentina ETF from hold to buy, citing a 28% upside as Argentina's turnaround advances. ARGT trades at 12.5x earnings, below its post-Milei average; a re-rating to 14–18x could yield 12–44% upside. The Milei Administration's reforms have stabilized inflation and the fiscal balance, with external accounts improving on commodity strength.
ARGT's easy regime-change rally has likely already happened. But Argentina's improving monetary backdrop and gradual disinflation could still support additional long-term upside in domestic equities. ARGT is not a "clean" proxy for the Argentine economy due to its concentration in MercadoLibre and energy names.
Global X MSCI Argentina ETF (NYSEARCA:ARGT - Get Free Report) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 495,911 shares, a decline of 22.5% from the February 26th total of 639,717 shares. Currently, 5.6% of the company's stock are
It's a remarkable turnaround for Argentina, which had an economy near hyperinflation and a treasury headed for one more bankruptcy some 25 months ago.