Wall Street's hottest new investment is not in tech, but in Argentina's volatile economy. Hedge funds and money managers are placing substantial bets on President Javier Milei's ability to successfully reform the country's long-struggling economy.
This strategy has yielded impressive results. Buenos Aires stocks are on track to become the world's top performers in 2024, and government bond prices have surged. An exchange-traded fund (ETF) tracking the MSCI Argentina index has shown gains exceeding 60%.
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