Sometimes it’s worth looking outside the U.S. for opportunities. As April unfolded with a pullback in the U.S. stock market, we looked to other countries for some setups. We picked an Argentina ETF, which included former leader MELI stock, for some light exposure. Here’s how we handled it.
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Why ETFs Got More Attention
April was a month where protecting capital was paramount. Especially in the second half of April after the Nasdaq composite and S&P 500 dropped below their 50-day moving average lines. As we shifted our exposure lower, our average exposure was less than 20% from April 15 to April 30.
Not only did we reduce exposure, we also had over half of our trades during that time in exchange traded funds. Why? There were moments where the markets looked like they could right themselves, but there was extra volatility that made it a bigger challenge. ETFs typically have…
