I usually do the opposite of what others do.
Just a year ago, according to the Wall Street Journal, many investors—like Morgan Stanley, T. Rowe Price, and Ashmore Group—rushed to buy Argentinian stocks as the situation in the country had been improving under the new president, Macri. Their position exposure has been at least 17% of their frontier market portfolios, which is the Argentinian weight in the MSCI Frontier Market Index.
iShares even launched an Argentinian ETF and all seemed well until interest rates in the U.S. increased which made people think more about the risks and made them less attracted to the quick, high interest rate gains in Argentina. More →