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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)
$181,050
AUM
$50,268,000
Associated Index
MVIS GDP Africa Index
Inverse/Leveraged
No
Passive/Active
Passive
Dividend
No
Prospectus

Top 10 Holdings

AAL
ANGLO AMERICAN PLC
4.84%
SAFCOM
SAFARICOM PLC
4.83%
CBKD
Commercial International Bank Egypt Sae
4.65%
MTNN
MTN NIGERIA COMMUNICATIONS P
4.31%
AAF
AIRTEL AFRICA PLC
4.19%
IVN
IVANHOE MINES LTD-CL A
3.80%
ATW
ATTIJARIWAFA BANK
3.54%
KOS
Kosmos Energy Ltd
3.39%
NPN
NASPERS LTD-N SHS
3.16%
EQBNK
EQUITY GROUP HOLDINGS PLC
3.06%
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 SSXU, EZA, MXI

AFK
VanEck ETF Trust - VanEck Africa Index ETF
SSXU
Strategy Shares - Day Hagan/Ned Davis Research Smart Sector International ETF
EZA
BlackRock Institutional Trust Company N.A. - iShares MSCI South Africa ETF
MXI
BlackRock Institutional Trust Company N.A. - iShares Global Materials ETF
FLZA
Franklin Templeton ETF Trust - Franklin FTSE 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
DMAT
Global X Funds - Global X Disruptive Materials ETF
MCSE
Franklin Templeton ETF Trust - Martin Currie Sustainable International Equity ETF
VSS
Vanguard Group, Inc. - Vanguard FTSE All-World Ex-US Small Capital Index Fund ETF
DFIC
Dimensional ETF Trust - Dimensional International Core Equity 2 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

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Can contain

AFKVEA
#TSMO

Treasury and Stock Momentum

Category

Momentum, Be Risk Aware

Risk Rating

Aggressive

Can contain

AFKEFA

Create your own algorithmic trading strategy with AFK using Composer

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.