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Fund Offers Exposure to Africa

As we round out our list of regional emerging markets exchange-traded funds (ETFs), this article features VanEck Vectors Africa Index ETF (AFK), a fund that tracks many Africa-based companies and invests most of its $68 million total assets in those companies.

Africa likely is a relatively untapped region for most investors, even though it offers vast commodity resources and growth potential. In fact, as far as ETFs go, AFK is almost the sole choice for broad, pure-play African coverage.

ARK offers one-stop access to a broad range of sectors and African countries, including exposure to some less traditional markets. The fund screens both local listings of companies that are incorporated in Africa, as well as companies outside of Africa that generate at least 50% of their revenues within that continent.

AFK’s index focuses on Gross Domestic Product (GDP), rather than market cap like many other emerging market ETFs. This puts an emphasis on the economic well-being of the country where a selected company is based. As a result, small- and medium-capitalization public companies often are included in the fund.

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This one-stop exchange-traded fund offers exposure to companies whose operations are primarily based in Africa. It's a risky but potentially rewarding bet.

archive

Fund Offers Exposure to Africa

This one-stop exchange-traded fund offers exposure to companies whose operations are primarily based in Africa. It’s a risky but potentially rewarding bet.

As we round out our list of regional emerging markets exchange-traded funds (ETFs), this article features VanEck Vectors Africa Index ETF (AFK), a fund that tracks many Africa-based companies and invests most of its $68 million total assets in those companies.

Africa likely is a relatively untapped region for most investors, even though it offers vast commodity resources and growth potential. In fact, as far as ETFs go, AFK is almost the sole choice for broad, pure-play African coverage.

ARK offers one-stop access to a broad range of sectors and African countries, including exposure to some less traditional markets. The fund screens both local listings of companies that are incorporated in Africa, as well as companies outside of Africa that generate at least 50% of their revenues within that continent.

AFK??s index focuses on Gross Domestic Product (GDP), rather than market cap like many other emerging market ETFs. This puts an emphasis on the economic well-being of the country where a selected company is based. As a result, small- and medium-capitalization public companies often are included in the fund.

To read the rest of this article, click here.

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Written By

Doug Fabian is the editor of Successful Investing and High Monthly Income, and is the host of the syndicated radio show, "Doug Fabian's Wealth Strategies." Taking over the reigns from his dad, Dick Fabian, back in 1992, Doug has continued to uphold the reputation of the newsletter as the #1 risk-adjusted market timer as ranked by Hulbert??s Investment Digest. For more than 30 years, Successful Investing (formerly the Telephone Switch Newsletter) has produced double-digit annual gains. Doug has become known for his expert knowledge and timely use of innovative tools like Exchange Traded Funds, bear funds and Enhanced Index funds to profit in any market climate.

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