The pace of the public market's growth in Argentina has been markedly restrained in recent years, to the point where the Argentine stock market is not regarded as a liquid market. During 2006, the Merval (the local index on domestic share returns) has registered a negative return on US dollars, while the Bovespa (one of Brazil's indexes, used as Latin America's benchmark) registered, for the same period, a 35% return on US dollars.
November 01 2006