Individual Investors

Subscribe to email updates

Subscribe now

Financial Professionals

Subscribe to email updates, or password protected financial professional-only content
email address/username
password

Africa Index ETF AFK

  • Full Name: Market Vectors®
    Africa Index ETF (AFK)

    Management Style: Replication

    Underlying Index: Market Vectors® GDP Africa Index (MVAFKTR)

    Index Description: MVAFKTR tracks the performance of the largest and most liquid companies in Africa. The weighting of a country in the index is determined by the size of its gross domestic product.

  •  
     

    • Fund Ticker

      AFK
    • Exchange

      NYSE Arca
    • Index Total Return Ticker

      MVAFKTR
    • Index Provider

      Market Vectors Index Solutions
    • Total Net Assets

      $117.0M
    • Shares Outstanding

      3,650,000
    • Number of Holdings

      112
    • Commencement Date

      07/10/2008
  •  
    as of 04/17/14

  • Fundamentals
    as of 03/31/14

    • Weighted Average Market Cap

      $8.9B
    • Price/Earnings Ratio
      (LTM: Last 12 Months)*

      12.66
    • Price/Book Ratio
      (LTM: Last 12 Months)*

      1.64
    *A weighted harmonic average is used to calculate this metric. Price/Book Ratio is the price of a security divided by the book value per share of the security. Price/Earnings Ratio is the price of a security divided by the last twelve months earnings per share of the security.
  • Market Capitalization (%)
    as of 03/31/14

    • Capitalization

      % of Net
      Assets ($)
    • Large (>$5.0B)

      43.9%
    • Mid ($1.0 - $5.0B)

      50.9%
    • Small (<$1.0B)

      5.8%
    This breakdown represents what percentage of the ETF's assets represent large/mid/small-sized companies. The market capitalization of an individual, publicly traded company is calculated by multiplying the company's stock price by the total number of its shares outstanding.
  • 3-YR Risk Measures
    as of 03/31/14

    • Beta vs. S&P 500 Index

      1.04
    • Correlation vs. S&P 500 Index

      0.77
    • Volatility (Standard Deviation)

      16.68
    • Sharpe Ratio

      0.07

    Source: Van Eck Global, FactSet.

    Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation.

  • Country Weightings (%)
    as of 03/31/14

    • Country

      % of Net Assets
    • SOUTH AFRICA

      20.5
    • EGYPT

      19.0
    • NIGERIA

      16.7
    • UNITED KINGDOM

      14.3
    • MOROCCO

      6.7
    • FRANCE

      4.0
    • LUXEMBOURG

      3.6
    • NETHERLANDS

      3.3
    • CANADA

      2.9
    • ZAMBIA

      2.0
    • TANZANIA

      1.7
    • KENYA

      1.5
    • IRELAND

      1.4
    • AUSTRALIA

      1.0
    • SINGAPORE

      1.0
    • U.S.

      0.9
    • SIERRA LEONE

      0.4
    • Other

      -0.7
    • Total

      100.2
  • Portfolio Composition (%)
    as of 04/17/14

    • % of Net Assets

    • Stocks

      100.07
    • Bonds

      0.00
    • Other

      0.00
    • Cash

      -0.07
    • Total

      100.00
  • Sector Weightings (%)
    as of 03/31/14

    • Sector

      Weightings (%)
    • Financials

      39.3
    • Energy

      19.5
    • Materials

      15.0
    • Telecommunication Services

      11.6
    • Consumer Staples

      7.5
    • Consumer Discretionary

      4.7
    • Health Care

      1.2
    • n/a

      1.0
    • Industrials

      0.9
    • Other

      -0.7
    • Total

      100.0
  • Currency Exposure (%)
    as of 03/31/14

    • South African Rand

      18.64
    • U.S. Dollar

      18.18
    • Nigeria Naira

      17.66
    • British Pound

      15.16
    • Moroccan Dirham

      8.63
    • Egyptian Pound

      8.08
    • Canadian Dollar

      5.16
    • Norwegian Krone

      4.64
    • Euro

      2.04
    • Kenyan Shilling

      1.47
    • Singapore Dollar

      0.99
    • Other

      -0.66
    • Total

      99.99