ARGTETF / FundGlobal X MSCI Argentina ETF
Verdicts genuinely change. Free email alert the moment ARGT's does — no target price to set, unlike a price alert.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
Global X MSCI Argentina ETF ETF · GLOBAL X FUNDS
33 holdings · as of 2026-07-31 (3.4 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
This fund holds short positions, so exposure is counted gross — long and short both count as exposure rather than netting off, and the weights below therefore sum to 106% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT At least 34.26% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 40% turns out to be. Matching more holdings can only raise this share, never lower it.
3.53% of that is conventional interest-bearing debt, identified from the fund's own filing rather than by screening an issuer. Sukuk are deliberately excluded from this test and are never counted here.
33 holdings, 14 matched (63% of weight). Portfolio as of 2026-07-31, filed 2026-09-29. Source: SEC Form N-PORT.
0.40% of this portfolio’s income is non-permissible — weighted across holdings, computed over 33% of portfolio weight (5 of 33 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
Portfolio shares are withheld: coverage is below the floor needed to state one. The holdings themselves are below, because the names are evidence you can check.
All holdings (33)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| MELI MercadoLibre, Inc. | COMPLIANT | 24.43% | AAOIFI20.1% Usmani38.5% Dow Jones Islamic19.0% S&P Shariah20.6% MSCI Islamic38.3% MSCI Islamic M-Series20.6% FTSE Shariah33.3% |
| YPF Sociedad Anonima | UNSCREENED | 9.62% | no in-house ratios for this holding |
| GGAL Grupo Financiero Galicia S.A. | NON_COMPLIANT | 6.34% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Vista Energy, S.A.B. de C.V. | UNSCREENED | 6.11% | no in-house ratios for this holding |
| BMA BANCO MACRO S.A. | NON_COMPLIANT | 5.01% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Pampa Energia S.A. | UNSCREENED | 4.44% | no in-house ratios for this holding |
| TGS Transportadora de Gas del Sur S.A. | NON_COMPLIANT | 4.00% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| BBAR Banco BBVA Argentina S.A. | NON_COMPLIANT | 3.63% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CEPU Central Puerto S.A. | NON_COMPLIANT | 3.54% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| United States of America | NON_COMPLIANT | 3.53% | no in-house ratios for this holding |
| TEO Telecom Argentina S.A. | NON_COMPLIANT | 3.25% | AAOIFI64.8% Usmani37.4% Dow Jones Islamic315735.4% S&P Shariah360734.1% MSCI Islamic35.0% MSCI Islamic M-Series360734.1% FTSE Shariah35.0% |
| Embotelladora Andina S.A. | UNSCREENED | 3.23% | no in-house ratios for this holding |
| FSM FORTUNA MINING CORP. | COMPLIANT | 2.82% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| Arcos Dorados Holdings Inc. | UNSCREENED | 2.80% | no in-house ratios for this holding |
| SSRM SSR MINING INC. | COMPLIANT | 2.65% | AAOIFI0.9% Usmani1.6% Dow Jones Islamic1.8% S&P Shariah2.2% MSCI Islamic1.6% MSCI Islamic M-Series2.2% FTSE Shariah1.5% |
| CAAP Corporacion America Airports S.A. | COMPLIANT | 2.33% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| CENCOSUD.SN Cencosud S.A. | NON_COMPLIANT | 2.26% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| COMPANIA CERVECERIAS UNIDAS S.A. | UNSCREENED | 2.08% | no in-house ratios for this holding |
| Lithium Argentina AG | UNSCREENED | 2.04% | no in-house ratios for this holding |
| Loma Negra Compania Industrial Argentina Sociedad Anonima | UNSCREENED | 1.81% | no in-house ratios for this holding |
| Empresa Distribuidora y Comercializadora Norte S.A. | UNSCREENED | 1.75% | no in-house ratios for this holding |
| SUPV GRUPO SUPERVIELLE S.A. | NON_COMPLIANT | 1.66% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| IRSA Inversiones y Representaciones Sociedad Anonima | UNSCREENED | 1.58% | no in-house ratios for this holding |
| Cresud Sociedad Anonima, Comercial, Inmobiliaria, Financiera y Agropecuaria | UNSCREENED | 1.51% | no in-house ratios for this holding |
| AGRO ADECOAGRO S.A. | NON_COMPLIANT | 1.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CITADEL SECURITIES LLC | UNSCREENED | 0.59% | no in-house ratios for this holding |
| DAIWA CAPITAL MARKETS AMERICA INC | UNSCREENED | 0.54% | no in-house ratios for this holding |
| NOMURA SECURITIES INTERNATIONAL INC | UNSCREENED | 0.40% | no in-house ratios for this holding |
| CF SECURED LLC | UNSCREENED | 0.39% | no in-house ratios for this holding |
| NATWEST MARKETS SECURITIES INC | UNSCREENED | 0.31% | no in-house ratios for this holding |
| DEUTSCHE BANK SECURITIES INC | UNSCREENED | 0.15% | no in-house ratios for this holding |
| CANTOR FITZGERALD SECURITIES | UNSCREENED | 0.14% | no in-house ratios for this holding |
| Bioceres Crop Solutions Corp. | UNSCREENED | 0.06% | no in-house ratios for this holding |
The published standards disagree about this fund by 28 points of portfolio weight — 31.3% of it passes AAOIFI, 2.8% passes Usmani. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 31.3% ratios fail on 23.2% 51.6% not rated under AAOIFI
ratios pass on 2.8% ratios fail on 29.8% 73.4% not rated under Usmani
ratios pass on 31.3% ratios fail on 25.8% 48.9% not rated under Dow Jones Islamic
ratios pass on 31.3% ratios fail on 25.8% 48.9% not rated under S&P Shariah
ratios pass on 2.8% ratios fail on 29.8% 73.4% not rated under MSCI Islamic
ratios pass on 31.3% ratios fail on 25.8% 48.9% not rated under MSCI Islamic M-Series
ratios pass on 2.8% ratios fail on 29.8% 73.4% not rated under FTSE Shariah
13 of 33 listed holdings carry our own per-methodology verdicts (63% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 4 (33% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| GGAL Grupo Financiero Galicia S.A. | 6.34% |
| BMA BANCO MACRO S.A. | 5.01% |
| TGS Transportadora de Gas del Sur S.A. | 4.00% |
| BBAR Banco BBVA Argentina S.A. | 3.63% |
| CEPU Central Puerto S.A. | 3.54% |
| United States of America | 3.53% |
| TEO Telecom Argentina S.A. | 3.25% |
| CENCOSUD.SN Cencosud S.A. | 2.26% |
| SUPV GRUPO SUPERVIELLE S.A. | 1.66% |
| AGRO ADECOAGRO S.A. | 1.03% |
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
Global X MSCI Argentina ETF (ARGT) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for ARGT — this runs off the critical path so the page paints first. It will appear here on its own.
| Investor | Firm | Position | Weight | As of |
|---|---|---|---|---|
| Stanley Druckenmiller | Duquesne Family Office | $30M | 0.6% | 2026-06-30 |
From the most recent 13F on file. A 13F reports long US equity positions quarterly and in arrears — it is what a manager held on the report date, not what they hold today.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
Price Forecast
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Technical Summary
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 26.50 | BUY |
| Stochastic %K (14) | 14.87 | BUY |
| CCI (20) | -122.31 | BUY |
| Williams %R (14) | -85.13 | BUY |
| MACD (12,26,9) | -0.80 | SELL |
| ROC (10) | -9.01 | SELL |
| Momentum (10) | -7.46 | SELL |
| EMA (10) | 78.13 | SELL |
| SMA (10) | 78.38 | SELL |
| EMA (20) | 81.26 | SELL |
| SMA (20) | 82.63 | SELL |
| EMA (30) | 83.33 | SELL |
| SMA (30) | 84.22 | SELL |
| EMA (50) | 85.93 | SELL |
| SMA (50) | 88.06 | SELL |
| EMA (100) | 88.76 | SELL |
| SMA (100) | 90.59 | SELL |
| EMA (200) | 90.11 | SELL |
| SMA (200) | 91.29 | SELL |
About Global X MSCI Argentina ETF
The fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is designed to represent the performance of the broad Argentina equity universe, while including a minimum number of constituents. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
SMC — Top Down
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 42 |
| ⏰ 4H | BEARISH | 26 |
| 🕐 1H | BULLISH | 98 |
| ⏱ 15-Min | BULLISH | 130 |
| ⏲ 5-Min | BULLISH | 234 |
Momentum & Volume
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
Peer Movement
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
Before you act on this
The questions worth asking about any verdict on this page, answered plainly.
Is a fund screened on its name?
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
What does unrated weight mean?
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
Does the issuer's board make it compliant?
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
How often is this re-screened?
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Compare with
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Insider Activity (90d)
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-11-03 · Asset managers net 928584 (+5135)
AI Summary
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.