AFK
VanEck Africa Index ETF
AFK
VanEck Africa Index ETF
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NAV$14.62
as of September 25, 2023 -
YTD RETURNS-7.57%
as of September 25, 2023 -
Total Net Assets$44.58M
as of September 25, 2023 -
Gross Expense Ratio0.98%
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Net Expense Ratio0.98%
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Inception Date07/10/2008
Fund Description
VanEck Africa Index ETF (AFK®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® GDP Africa Index (MVAFKTR), which includes local listings of companies that are incorporated in Africa and listings of companies incorporated outside of Africa but that have at least 50% of their revenues/related assets in Africa.
Overview
Fund Highlights
- Nation's First ETF Focused Exclusively on Africa
A relatively untapped region with vast commodity resources and growth potential
- One-Trade Access
To a broad range of sectors and African countries, including exposure to some less traditional, frontier markets
- Pure Play
Companies must be incorporated in, or derive at least 50% of total revenues from Africa to be added to the index