AFK

📎 Investment Objective

The VanEck Africa Index ETF (AFK) seeks to track the performance of the MVIS GDP Africa Index, which provides exposure to publicly traded companies that are domiciled in Africa or generate at least 50% of their revenues in Africa.

✨ Key Features

• Provides broad exposure to the African equity market
• Tracks the MVIS GDP Africa Index, which is designed to capture the performance of the largest and most liquid African companies
• Low expense ratio of 0.00%
• Suitable for investors seeking exposure to the African continent

⚠️ Primary Risks

• Emerging market risk: Investing in African markets may be subject to greater volatility and political, economic, and regulatory uncertainty
• Currency risk: The fund's performance may be affected by fluctuations in the value of the local currencies relative to the U.S. dollar
• Concentration risk: The fund may be concentrated in a particular sector or country, making it more vulnerable to developments in that area
• Liquidity risk: The African equity market may have lower trading volumes, which could impact the fund's ability to buy or sell positions

👤 Best For

The VanEck Africa Index ETF (AFK) may be suitable for investors seeking long-term exposure to the African equity market as part of a diversified portfolio. It may be particularly appealing to investors with a higher risk tolerance who are comfortable with the inherent volatility and risks associated with emerging market investments.