VanEck Africa Index ETF (AFK)
| Assets | $54.15M |
| Expense Ratio | 0.88% |
| PE Ratio | 11.46 |
| Shares Out | 2.65M |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Ex-Dividend Date | n/a |
| Payout Frequency | n/a |
| Payout Ratio | n/a |
| Volume | 29,483 |
| Open | 20.62 |
| Previous Close | 20.63 |
| Day's Range | 20.52 - 20.87 |
| 52-Week Low | 14.45 |
| 52-Week High | 20.87 |
| Beta | 0.70 |
| Holdings | 78 |
| Inception Date | Jul 10, 2008 |
About AFK
Fund Home PageThe VanEck Africa Index ETF (AFK) is an exchange-traded fund that is based on the MVIS GDP Africa index, a GDP and market-cap-weighted index of companies generating a majority of their revenues in Africa. AFK was launched on Jul 10, 2008 and is issued by VanEck.
Top 10 Holdings
40.05% of assets| Name | Symbol | Weight |
|---|---|---|
| Naspers Limited | NPN | 5.63% |
| Attijariwafa Bank SA Registered Shares | ATW.CS | 4.97% |
| Banque Centrale Populaire SA | BCP.CS | 4.58% |
| Airtel Africa Plc | AAF | 4.08% |
| Guaranty Trust Holding Co PLC | GTCO.NL | 3.96% |
| Barrick Mining Corporation | B | 3.57% |
| Anglo American PLC | AAUKF | 3.53% |
| Ivanhoe Mines Ltd. | IVN | 3.34% |
| Safaricom PLC | SCOM | 3.23% |
| Zenith Bank PLC | ZENITHBANK.NL | 3.16% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 18, 2023 | $0.3136 | Dec 22, 2023 |
| Dec 19, 2022 | $0.5759 | Dec 23, 2022 |
| Dec 20, 2021 | $0.839 | Dec 27, 2021 |
| Dec 21, 2020 | $0.796 | Dec 28, 2020 |
| Dec 23, 2019 | $1.2858 | Dec 30, 2019 |
| Dec 20, 2018 | $0.336 | Dec 27, 2018 |
Performance
AFK had a total return of 22.89% in the past year, including dividends. Since the fund's inception, the average annual return has been -1.46%.
News
AFK: So Contrarian, It Just Might Work (New Buy Rating)
AFK invests in a portfolio of stocks that do most of their business on the continent of Africa. It is the only US-traded ETF that can say that. South African gold miners are part of the portfolio but ...
The Trump Factor Takes A Toll On Foreign Stocks
The election victory has fueled a strong rally in US equities, but Trump's comeback is seen as a new risk factor elsewhere as Washington prepares to pivot to new edition of an “America First” policy. ...
Africa Stocks May Be Close To Overtaking US Equities In 2024
American stocks are still the year-to-date leader so far in 2024 via SPDR S&P 500, but VanEck Africa is nipping at its heels. AFK, despite its pan-African mandate, is heavily weighted in South Africa ...
Top Mining Companies Commit Billions To Zambia's Copper Industry
Zambia's economic growth amid challenges like the pandemic and Ukraine war. Copper's crucial role in Zambia's economy and its importance in renewable energy applications.
Africa Stocks Take Lead For Global Equities Market In 2024
After a punishing start to the year, shares in Africa have rebounded and are now the leading performer for the global stock market in 2024. VanEck Africa Index ETF is up 16.6% year to date.
American Stocks Continue To Lead Global Equities Ex-U.S. In 2024
World stocks that hold US shares are up 1.6% year to date while foreign equities ex-US are down 1.5% in 2024. The Japanese stock market was a strong competitor vis-à-vis US shares last year too.
GDP Growth In Sub-Saharan Africa Likely To Slow In 2023
Inflation is expected to remain elevated longer in Sub-Saharan Africa than in other regions. The surge in global commodities prices in 2021 gave room to Sub-Saharan Africa countries to adopt fiscal co...
Saying Goodbye To VanEck Vectors Africa Index ETF
The VanEck Vectors Africa Index ETF has not done well since I first bought in almost nine years ago. In my current clean-up phase, I finally let it go! Along with a link to my 2019 article on AFK, her...
AFK: Best Vehicle At The Moment
Africa's economic growth may decline from 4.1% in 2022 to 3.8% or lower in 2023, which is well below the growth in years like 2016. The main reason I am hesitant about Africa is that most ETFs have a ...
AFK: Struggling To Find Stability
VanEck Africa Index ETF tracks a market cap weighted basket of companies doing business mainly in Africa. AFK focuses more on country GDP than market cap when choosing assets.
Will U.S.-China Competition Shape Kenya's Trade Trajectory?
Kenya's much anticipated presidential election recently concluded with the Supreme Court confirming President William Ruto's victory. A cursory look at Kenya's international trade reveals some strikin...
VanEck Announces Revised Net Asset Value Information for VanEck Africa Index ETF
NEW YORK--(BUSINESS WIRE)--VanEck is announcing that the net asset value (NAV) per share of the VanEck Africa Index ETF (AFK) has been restated.
Sub-Saharan Africa Feels Inflationary Heat From Russia-Ukraine War
Rising input costs and weaker exchange rates of local currencies are primarily responsible for the rapid price increases in recent months. The spike in global oil prices has increased the demand for r...
AFK: One Of The Few ETFs Investing In Africa
AFK provides exposure to publicly-listed companies doing business in Africa. AFK is trading at less than 10x earnings, which is fairly valued in my opinion given the specific risks associated with eme...
Tide Of Rising Prices Stems Economic Recovery In Sub-Saharan Africa
The S&P Global Sub-Saharan Africa PMI posted at 52.3 in March, remaining above the 50.0 neutral mark.
China Is This Year's Downside Outlier For Global Stock Markets
Shares in China continue to post sharp year-to-date losses vs. an otherwise upside bias for global stocks, based on a set of exchange-traded funds tracking the world's major equity regions through yes...
VanEck Vectors Africa Index ETF: Cheap Valuations Reflect Challenging Fundamentals
AFK is not particularly cost-efficient but offers a decent yield component. Africa is portended to be the slowest-growing region in 2021 and faces many challenges related to the pandemic.
AFK Is Even More Underrated Now
Africa's rapidly growing middle class and improving infrastructure indicate that African stocks are one of the best values for the 2020s.
AFK: Low-Cost Exposure To The Misunderstood Frontier
AFK: Low-Cost Exposure To The Misunderstood Frontier
Investing In Africa Using The AFK Exchange Trade Fund
•It is hard to get equity exposure to Africa.