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ETFs

VanEck Africa Index ETF

AFK
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 10 2008
Expense Ratio
0.77%
Type
Global Ex. US Equities
Fund Owner
Van Eck Associates Corporation
Volume (1m avg. daily)
$107,079
AUM
$44,330,000
Associated Index
MVIS GDP Africa Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AAL
ANGLO AMERICAN PLC
6.51%
ATW
ATTIJARIWAFA BANK
5.23%
AAF
AIRTEL AFRICA PLC
4.52%
MTNN
MTN NIGERIA COMMUNICATIONS P
4.19%
BCP
BANQUE CENTRALE POPULAIRE
3.93%
SAFCOM
SAFARICOM PLC
3.51%
CBKD
Commercial International Bank Egypt Sae
3.43%
IVN
IVANHOE MINES LTD-CL A
3.34%
GTCO
GUARANTY TRUST HOLDING CO PL
2.94%
EQBNK
EQUITY GROUP HOLDINGS PLC
2.91%
Invest with AFK

What is AFK?

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.

ETFs related toAFK

ETFs correlated to AFK include EZA, DFAX, IQDF

AFK
VanEck ETF Trust - VanEck Africa Index ETF
EZA
BlackRock Institutional Trust Company N.A. - iShares MSCI South Africa ETF
DFAX
Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF
IQDF
FlexShares Trust - FlexShares International Quality Dividend Index Fund
MXI
BlackRock Institutional Trust Company N.A. - iShares Global Materials ETF
CWI
SSgA Active Trust - SPDR MSCI ACWI ex-US ETF
ACWX
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ex US ETF
VEU
Vanguard Group, Inc. - Vanguard FTSE All-World ex-US ETF
VXUS
Vanguard Group, Inc. - Vanguard Total International Stock ETF
IXUS
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Total International Stock ETF
VSS
Vanguard Group, Inc. - Vanguard FTSE All-World Ex-US Small Capital Index Fund ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toAFK

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

#DAVID

Copy David Swensen

Category

Classic, Copy the Greats

Risk Rating

Moderate

Create your own algorithmic trading strategy with AFK using Composer

FAQ

AFK is a Global Ex. US Equities ETF. 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.

AFK tracks the MVIS GDP Africa Index.

No, AFK is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, AFK is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on AFK is -0.0518%. This is the percent change in the value of AFK over the most recent 1-month period. The 3-month return on AFK is -0.0823%. This is the percent change in the value of AFK over the most recent 3-month period.

The standard deviation of AFK for the past year is 0.2178%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to AFK include FEZ, VWO, and EZU.

ETFs correlated to AFK include EZA, DFAX, and IQDF.

ETFs that are inversely correlated to AFK include EDZ, EPV, and USDU.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.