Investing in Argentina
The Merval index includes banks (Galicia, Macro), energy (YPF, Pampa, TGS) and utilities. It's one of the most volatile markets in the world because of inflation and shifts in economic policy.
Measured in pesos, the Merval tends to rise sharply because of inflation; measured in dollars, the story is different. That's why choosing the right base currency is key when analyzing it.
We track 41 assets from Argentina; the average return over the last year was 31.0% in local currency. In the optimizer, prices can be converted to your currency to include currency risk.
Sample portfolio
MELI, YPFD.BA, YPF, VIST, GGAL.BA, ARGT
Top stocks
| Asset | 1 year | 1Y return | Volatility | Market cap | |
|---|---|---|---|---|---|
Mercado LibreMELI · ADR · Consumer Discretionary | -13.4% | 40% | US$91.9B | ||
YPF Sociedad AnónimaYPFD.BA · Stock · Energy | +102.9% | 40% | US$20.8B | ||
YPF (ADR)YPF · ADR · Energy | +97.9% | 45% | US$19.2B | ||
Vista EnergyVIST · ADR · Energy | +96.2% | 48% | US$7.7B | ||
Grupo Financiero Galicia S.A.GGAL.BA · Stock · Financials | +14.9% | 53% | US$6.2B | ||
Grupo Financiero Galicia (ADR)GGAL · ADR · Financials | +11.7% | 63% | US$6.0B | ||
Telecom Argentina S.A.TECO2.BA · Stock · Communication Services | +78.5% | 55% | US$5.8B | ||
Pampa Energía S.A.PAMP.BA · Stock · Industrials | +30.0% | 35% | US$4.4B | ||
Banco Macro S.A.BMA.BA · Stock · Financials | +21.0% | 57% | US$4.3B | ||
Transportadora de Gas del Sur S.A.TGSU2.BA · Stock · Energy | +20.4% | 45% | US$4.2B | ||
Pampa Energía (ADR)PAM · ADR · Industrials | +26.3% | 40% | US$4.1B | ||
Banco Macro (ADR)BMA · ADR · Financials | +16.2% | 63% | US$4.0B | ||
Transportadora de Gas del Sur (ADR)TGS · ADR · Energy | +16.6% | 52% | US$3.9B | ||
Banco BBVA Argentina S.A.BBAR.BA · Stock · Financials | +36.5% | 64% | US$2.7B | ||
BBVA Argentina (ADR)BBAR · ADR · Financials | +31.3% | 72% | US$2.5B | ||
Ternium Argentina S.A.TXAR.BA · Stock · Materials | +26.5% | 45% | US$2.2B | ||
Central Puerto S.A.CEPU.BA · Stock · Utilities | +45.3% | 51% | US$1.9B | ||
GlobantGLOB · ADR · Technology | -26.2% | 60% | US$1.9B | ||
Central Puerto (ADR)CEPU · ADR · Utilities | +31.8% | 61% | US$1.8B | ||
Aluar Aluminio Argentino S.A.I.C.ALUA.BA · Stock · Materials | +1.9% | 45% | US$1.5B | ||
IRSA Inversiones y Representaciones Sociedad AnónimaIRSA.BA · Stock · Real Estate | +39.7% | 44% | US$1.3B | ||
IRSA (ADR)IRS · ADR · Real Estate | +21.8% | 51% | US$1.2B | ||
Bolsas y Mercados Argentinos S.A.BYMA.BA · Stock · Financials | +30.2% | 41% | US$1.2B | ||
Loma Negra Compañía Industrial Argentina Sociedad AnónimaLOMA.BA · Stock · Materials | +25.4% | 46% | US$1.2B | ||
Cablevisión Holding S.A.CVH.BA · Stock · Communication Services | +84.2% | 31% | US$1.1B | ||
Loma Negra (ADR)LOMA · ADR · Materials | +21.7% | 54% | US$1.1B | ||
MetroGAS S.A.METR.BA · Stock · Utilities | +78.4% | 59% | US$873M | ||
Transportadora de Gas del Norte S.A.TGNO4.BA · Stock · Energy | +32.0% | 57% | US$848M | ||
Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y AgropecuariaCRES.BA · Stock · Industrials | +28.8% | 43% | US$838M | ||
Cresud (ADR)CRESY · ADR · Industrials | +29.1% | 49% | US$780M |
ETFs
| Asset | 1 year | 1Y return | Volatility | Market cap | |
|---|---|---|---|---|---|
Global X MSCI ArgentinaARGT · ETF · Country ETF | +22.0% | 34% | US$719M |
Disclaimer: Educational and simulation tool. It is not investment advice or a personalized recommendation. Past performance does not guarantee future results.