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VanEck Africa Index ETFVanEck Africa Index ETFVanEck Africa Index ETF

VanEck Africa Index ETF

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Overview
Chart Analysis Holdings Ideas Discussions Seasonals

VEF2 chart



Key stats


Assets under management (AUM)
‪65.21 M‬ EUR
Fund flows (1Y)
—
Dividend yield (indicated)
—
Discount/Premium to NAV
—
Shares outstanding
‪2.85 M‬
Expense ratio
0.88%

About VanEck Africa Index ETF


Issuer
Van Eck Associates Corp.
Brand
VanEck
Home page
vaneck.com
Inception date
Jul 10, 2008
Structure
Open-Ended Fund
Index tracked
MVIS GDP Africa
Replication method
Physical
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Van Eck Associates Corp.
Distributor
Van Eck Securities Corp.
ISIN
US92189F8665
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.

Broaden your horizons with more funds linked to VEF2 via country, focus, and more.

Classification


Asset Class
Equity
Category
Size and style
Focus
Total market
Niche
Broad-based
Strategy
Multi-factor
Geography
Africa
Weighting scheme
Tiered
Selection criteria
Multi-factor

VEF2 analysis


What's in the fund
Exposure type
StocksBonds, Cash & Other
Non-Energy Minerals
Finance
Communications
Stock breakdown by region
5%16%15%56%2%2%
Top 10 holdings

Ideas



See all ideas 

Seasonals


Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
VEF2 assets under management is ‪65.21 M‬ EUR. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
VEF2 invests in stocks. See more details in our Analysis section.
VEF2 expense ratio is 0.88%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, VEF2 isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
VEF2 shares are issued by Van Eck Associates Corp.
VEF2 follows the MVIS GDP Africa. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jul 10, 2008.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.