Argentines vote in country's first runoff election

Nov 22 2015, 05:51 ET | By: Yoel Minkoff, SA News Editor 

Argentines are voting in the nation's first ever runoff election today as opposition candidate Mauricio Macri leads in the polls against the ruling Peronist party's Daniel Scioli.

The winner will have to deal with the difficult economic legacy of Cristina Fernandez de Kirchner, who with Nestor Kirchner, her late husband and predecessor, ruled Argentina for the past 12 years.

Since taking over in 2007, Fernandez has seized pension fund assets and the nation's largest energy company, while increasing welfare programs and battling U.S. hedge funds over defaulted debt.

ETFs: ARGT