Vaneck Africa Index Etf Profile
| AFK Etf | USD 16.13 0.08 0.50% |
Performance3 of 100
| Odds Of DistressLess than 9
|
VanEck Africa is selling for 16.13 as of the 30th of November 2024. This is a 0.50 percent increase since the beginning of the trading day. The etf's last reported lowest price was 16.0. VanEck Africa has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for VanEck Africa Index are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of September 2024 and ending today, the 30th of November 2024. Click here to learn more.
The fund normallyinvests at least 80 percent of its total assets in securities that comprise the funds benchmark index. Vaneck Africa is traded on NYSEARCA Exchange in the United States. More on VanEck Africa Index
Moving together with VanEck Etf
VanEck Etf Highlights
| Thematic Ideas | (View all Themes) |
| Old Name | Vaneck Vectors Africa Index |
| Business Concentration | Oslo All Share, Emerging Markets ETFs, Broad Equity ETFs, Miscellaneous Region, VanEck (View all Sectors) |
| Issuer | Van Eck |
| Inception Date | 2008-07-10 |
| Benchmark | Market Vectors GDP Africa Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 44.52 Million |
| Average Trading Valume | 19,729.3 |
| Asset Type | Equity |
| Category | Broad Equity |
| Focus | Emerging Markets |
| Market Concentration | Emerging Markets |
| Region | Middle East & Africa |
| Administrator | Van Eck Associates Corporation |
| Advisor | Van Eck Associates Corporation |
| Custodian | State Street Bank and Trust Company |
| Distributor | Van Eck Securities Corporation |
| Portfolio Manager | Hao-Hung Peter Liao, Guo Hua Jason Jin |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 31-Dec |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 88.0 |
| Market Maker | Virtu Financial |
| Total Expense | 1.47 |
| Management Fee | 0.5 |
| Country Name | USA |
| Returns Y T D | 16.3 |
| Name | VanEck Africa Index ETF |
| Currency Code | USD |
| Open Figi | BBG000H0B9J8 |
| In Threey Volatility | 19.72 |
| 1y Volatility | 15.35 |
| 200 Day M A | 15.5943 |
| 50 Day M A | 16.5396 |
| Code | AFK |
| Updated At | 30th of November 2024 |
| Currency Name | US Dollar |
VanEck Africa Index [AFK] is traded in USA and was established 2008-07-10. The fund is classified under Miscellaneous Region category within VanEck family. The entity is thematically classified as Emerging Markets ETFs. VanEck Africa Index presently have 43.36 M in assets under management (AUM). , while the total return for the last 3 years was -4.0%.
Check VanEck Africa Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on VanEck Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding VanEck Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as VanEck Africa Index Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
VanEck Africa Index Currency Exposure
VanEck Africa Index holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of VanEck Africa will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in VanEck Africa Index.
Top VanEck Africa Index Etf Constituents
| TBS | Tiger Brands | Stock | Packaged Foods | |
| TGA | Thungela Resources Limited | Stock | Thermal Coal | |
| MMYT | MakeMyTrip Limited | Stock | Consumer Discretionary | |
| AAF | Airtel Africa Plc | Stock | Communication Services | |
| KOS | Kosmos Energy | Stock | Energy | |
| SBSW | Sibanye Gold Ltd | Stock | Materials | |
| SCATC | Scatec Solar OL | Stock | Utilities—Renewable | |
| ZENITHBANK | ZENITH BANK PLC | Stock | NG Stock |
VanEck Africa Top Holders
| CAFRX | Africa Fund Africa | Mutual Fund | Miscellaneous Region |
VanEck Africa Index Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in VanEck Africa. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.04) |
VanEck Africa Against Markets
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in VanEck Africa Index. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
The market value of VanEck Africa Index is measured differently than its book value, which is the value of VanEck that is recorded on the company's balance sheet. Investors also form their own opinion of VanEck Africa's value that differs from its market value or its book value, called intrinsic value, which is VanEck Africa's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because VanEck Africa's market value can be influenced by many factors that don't directly affect VanEck Africa's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between VanEck Africa's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Africa is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Africa's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.