Tag Archives: Global Exchanges
Introducing the S&P MERVAL Index (MEP): A Local USD View of Argentina’s Equity Market
The S&P MERVAL Index is Argentina’s flagship equity index and the main reference used by market participants to measure the performance of that market. However, in a high-inflation environment, Argentine peso returns can become distorted, so investors often look at returns in U.S. dollars. This raises an important question: in a market with high inflation…
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