• Ticker:- AFK;false;DJAFKT;
  • Ticker Group:- ETFEQ_INTL;false;;
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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 Provider: Market Vectors Index Solutions

    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
    • Commencement

      07/10/2008
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      MVAFKTR
    • Index Rebalancing

      Quarterly
  •  
    as of 07/29/14

    • 30-Day SEC Yield1

      2.74%
    • Total Net Assets

      $130.8M
    • Number of Holdings

      114
    • Options

      Expected
    • Gross Expense Ratio2

      0.93%
    • Net Expense Ratio/TER2

      0.81%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      12/19/2014
  • 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 ConstituentsIndex Top 10 Constituents (%)as of 06/30/14

    Total Constituents: 110
    Constituent Name
    Ticker
    Weightings (%)
    Commercial Intl Bank-Gdr Reg
    CBKD LI
    7.67
    Guaranty Trust Bank
    GUARANTY NL
    4.56
    Subsea 7 Sa
    SUBC NO
    4.16
    Zenith Bank Ltd
    ZENITHBA NL
    3.65
    Global Telecom Holding-Gdr
    ORSTF US
    3.46
    Tullow Oil Plc
    TLW LN
    3.35
    Nigerian Breweries Plc
    NB NL
    3.19
    Attijariwafa Bank
    ATW MC
    2.86
    Naspers Ltd-N Shs
    NPN SJ
    2.85
    First Bank Of Nigeria Plc
    FBNH NL
    2.72
    Top 10 Total (%)38.47
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%)
    as of 06/30/14

    • Country

      Weightings (%)
    • SOUTH AFRICA

      21.5
    • EGYPT

      19.7
    • NIGERIA

      17.2
    • UNITED KINGDOM

      15.3
    • MOROCCO

      8.8
    • CANADA

      5.4
    • AUSTRALIA

      3.2
    • IRELAND

      2.2
    • FRANCE

      1.6
    • KENYA

      1.5
    • JERSEY

      1.0
    • SINGAPORE

      1.0
    • BERMUDA

      0.5
    • GUERNSEY

      0.3
    • U.S.

      0.2
    • LUXEMBOURG

      0.0
  • Index Sector Weightings (%)
    as of 06/30/14

    • Sector

      Weightings (%)
    • Financials

      39.2
    • Energy

      19.1
    • Materials

      15.6
    • Telecommunication Services

      11.8
    • Consumer Staples

      7.0
    • Consumer Discretionary

      4.9
    • Health Care

      1.2
    • Industrials

      0.8