August 1, 2019 |
Argentina’s capital markets are volatile. Frequent economic and political upheavals have wiped out gains all too often, discouraging investors from trading and companies from going public. Last year, the country’s benchmark stock index lost more than half of its value in dollar terms as the currency crashed and inflation accelerated, eroding two years of gains. It rebounded early this year, only to fall to a new low in May.
No wonder Argentines prefer dollars and real estate to grow their money. “The conditions for investing in Argentina have not been good for the past 20 years,” says Daniel Maselli, a financial advisor at Balanz Capital Valores, a broker in Buenos Aires. “This keeps people
Market hopes new equity products will attract more activity