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Africa Index ETF AFK

  • Full Name: Market Vectors®
    Africa Index ETF (AFK)

    Management Style: Replication

    Underlying Index: Market Vectors® GDP Africa Index (MVAFKTR)

    Index Description: MVAFKTR tracks the performance of the largest and most liquid companies in Africa. The weighting of a country in the index is determined by the size of its gross domestic product.

  •  
     

    • Fund Ticker

      AFK
    • Exchange

      NYSE Arca
    • Index Total Return Ticker

      MVAFKTR
    • Index Provider

      Market Vectors Index Solutions
    • Total Net Assets

      $117.4M
    • Shares Outstanding

      3,650,000
    • Number of Holdings

      113
    • Commencement Date

      07/10/2008
  •  
    as of 04/22/14

  • Index Key Points

    Underlying Index: Market Vectors® GDP Africa Index (MVAFKTR) 

    The Index comprises: 

    A diversified group of 100 companies; market participants gain direct or indirect exposure to a broad range of African countries, including less developed, frontier markets

    Companies eligible for inclusion in Index: 

    • Headquartered or generating majority of revenues, or holding 50% of assets, in Africa
    • Market cap exceeding $150 million
    • Three-month average daily turnover greater than $1 million
    • Traded on recognized domestic or international stock exchanges

    Index provider: 

     Market Vectors Index Solutions 

  • Index Profile

    • Ticker

      MVAFKTR
    • Inception Date

      05/15/2012
    • Rebalance Frequency

      Quarterly
  • Download All Index Constituents Index Top 10 Constituents (%) as of 03/31/14

    Total Constituents: 109
    Constituent Name
    Ticker
    Weightings (%)
    Commercial Intl Bank-Gdr Reg
    CBKD LI
    7.86
    Acergy Sa
    SUBC NO
    4.57
    Guaranty Trust Bank
    GUARANTY NL
    4.39
    Orascom Telecom-Gdr Reg S
    ORSTF US
    3.53
    Zenith Bank Ltd
    ZENITHBA NL
    3.26
    Nigerian Breweries Plc
    NB NL
    3.17
    Attijariwafa Bank
    ATW MC
    2.80
    Naspers Ltd-N Shs
    NPN SJ
    2.75
    Anglo American Plc
    AAL LN
    2.71
    Tullow Oil Plc
    TLW LN
    2.70
    Top 10 Total (%) 37.74
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%)
    as of 03/31/14

    • Country

      Weightings (%)
    • SOUTH AFRICA

      22.1
    • EGYPT

      21.1
    • NIGERIA

      16.7
    • UNITED KINGDOM

      15.6
    • MOROCCO

      8.8
    • CANADA

      4.9
    • AUSTRALIA

      2.8
    • FRANCE

      2.1
    • KENYA

      1.5
    • IRELAND

      1.4
    • SINGAPORE

      1.0
    • JERSEY

      0.9
    • BERMUDA

      0.7
    • GUERNSEY

      0.4
    • U.S.

      0.2
    • LUXEMBOURG

      0.0
    • Total

      100.2
  • Index Sector Weightings (%)
    as of 03/31/14

    • Sector

      Weightings (%)
    • Financials

      38.8
    • Energy

      19.6
    • Materials

      14.8
    • Telecommunication Services

      12.7
    • Consumer Staples

      7.3
    • Consumer Discretionary

      4.6
    • Health Care

      1.2
    • Industrials

      0.9
    • Total

      99.9