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3/17/15

Guess which LatAm country's stock market is the best performer in US Dollar terms

Here below is the 2015 year to date chart of the US Dollar denominated ETFs for the main traded countries of Latin America. You have the following index-tracking ETFs that all trade on the NYSE and are priced in USD
  • EWZ: Brazil 
  • EWW: Mexico
  • EPU: Peru
  • ARGT: Argentina
  • ECH: Chile
  • GXG: Colombia

And to repeat so superclear, we're talking US Dollars, so any local currency deval from this-or-that country, or local outbreak of inflation is factored out of this particular bunch of squiggly lines. With that stated, here's how they're getting on in 2015 year to date:



And wow, it would seem that Argentina (ARGT) is doing best of all. In fact, it's the only ETF of the bunch that's showing a profit. 

But what if we step back and take in the 12 month chart?



Oh wow, it would seem that over the past year Argentina (ARGT) is doing best of all. In fact, it's the only ETF of the bunch that's showing a profit. 

But hey, let's play it safe and check back over the performance of the last two years, not just one:



Oh wow, it would seem that Argentina (ARGT) is doing best of all over two years as well. In fact, it's the only ETF of the bunch that's showing a profit. 

Been fed much bullshit about Latin America recently, whiteboy? Play that tango music.