On Tuesday (29), Global X ETF launched a BDR (Brazilian Depositary Receipts, a title issued in Brazil that represents a share of a publicly traded company based abroad) of an ETF (index fund) with exclusive exposure to companies in Argentina, the ARGT39.

The BDR will be linked to the Global X MSCI Argentina ETF, which is listed on the New York Stock Exchange (NYSE) in the United States, and has accumulated a return of 54% in the last 12 months.

The ARGT39 tracks the MSCI All Argentina 25/50 index, which targets a minimum of 25 securities from that country, with every ten BDRs of the ARGT39 corresponding to one share of the ARGT.