VanEck Africa Index ETFVanEck Africa Index ETFVanEck Africa Index ETF

VanEck Africa Index ETF

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Key stats

Assets under management (AUM)
‪43.58 M‬USD
Fund flows (1Y)
‪−4.83 M‬USD
Dividend yield (indicated)
1.98%
Discount/Premium to NAV
0.2%

About VanEck Africa Index ETF

Issuer
Van Eck Associates Corp.
Brand
VanEck
Expense ratio
1.31%
Home page
Inception date
Jul 10, 2008
Index tracked
MVIS GDP Africa
Management style
Passive
AFK provides exposure to the whole African continent and not just South Africa. The fund focuses on gross domestic product (GDP) rather than market cap. This places the emphasis on each country's economic footprint rather than the market value of equity. The index takes a broad approach to eligibility: It includes companies from all caps that earn a majority of revenues in Africa, rather than restricting eligibility to companies domiciled in the continent. A minimum of 25 constituents will compose the index and their weights are capped at 8%. The index is reviewed quarterly, while GDPs are reviewed annually in June.

Classification

Asset Class
Equity
Category
Size and style
Focus
Total market
Niche
Broad-based
Strategy
Multi-factor
Weighting scheme
Tiered
Selection criteria
Multi-factor
What's in the fund
Exposure type
StocksBonds, Cash & Other
Non-Energy Minerals
Finance
Communications
Stock breakdown by region
5%27%13%49%4%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy