Market Vectors Africa Index ETF (AFK)

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Best Fit Emerging Markets Funds ETFs

U.S. News evaluated 109 Emerging Markets Funds ETFs and 34 make our Best Fit list. Our list highlights the best passively managed funds for long-term investors. Rankings are assigned based on comparisons with Best Fit funds in this category.

How we identify Best Fit Funds

Best Fit Scorecard
Costs Typical
Tracking Error Typical
Bid/Ask Ratio Excellent
Holdings Diversity Typical

Fund Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors® GDP Africa Index. The fund invests at least 80% of total assets in securities that comprise the index. The index is comprised of African companies. The index includes local listings of companies that are incorporated in Africa and offshore listings of companies incorporated outside of Africa that generate at least 50% of their revenues in Africa. The weighting of each country in the index is determined by the size of its GDP relative to the GDPs of the other countries represented in the index. The fund is non-diversified.

Fund Snapshot Updated 04.15.2014

Previous Close $31.67 Expense Ratio 0.88%
YTD Return 2.62% Avg. 30-Day Volume 30,800
1-Year Return 11.8% Market Cap Loading...
Bid $31.58 Shares Outstanding 3,650,000
Ask $31.87 Dividends $0.83
Top 10 Holdings
Commercial Intl Bk Egypt S A E (E:CBKD) 8.06%
Guaranty Trust Ban (—) 4.97%
Subsea 7 S.A. (E:SUBC) 4.33%
Zenith Bank Plc (—) 3.67%
Global Telecom Hldg S A E (BF8HVZ9) 3.43%
Nigerian Breweries (—) 3.15%
Tullow Oil (E:TLW) 3.01%
Attijariwafa Bank (E:ATW) 2.78%
T M G Holding (E:EGS691S1C011) 2.72%
Anglo American (E:AAL) 2.68%
% of Total Holdings 38.80%

Sector Breakdown

Geographic Breakdown

Best Fit Emerging Markets Funds

See full rankings for Emerging Markets Funds