AFKVanEck Africa Index ETF
AFK Fund Description
AFK tracks a GDP and market-cap-weighted index of companies generating a majority of their revenues in Africa.
AFK Factset Analytics Insight
AFK provides exposure to the whole African continent and not just South Africa. The fund focuses on gross domestic product (GDP) rather than market cap. This places the emphasis on each country's economic footprint rather than the market value of equity. The index takes a broad approach to eligibility: It includes companies from all caps that earn a majority of revenues in Africa, rather than restricting eligibility to companies domiciled in the continent. A minimum of 25 constituents will compose the index and their weights are capped at 8%. The index is reviewed quarterly, while GDPs are reviewed annually in June.
AFK MSCI ESG Analytics Insight
VanEck Africa Index ETF has an MSCI ESG Fund Rating of AA based on a score of 7.24 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. VanEck Africa Index ETF ranks in the 78th percentile within its peer group and in the 95th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
AFK MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
AFK Summary Data
AFK Portfolio Data
AFK Index Data
AFK Portfolio Management
AFK Tax Exposures
AFK Fund Structure
AFK Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of AFK. AFK is rated a 1 out of 5.
AFK Sector/Industry Breakdown
AFK Top 10 Holdings[View All]
AFK Economic Development
AFK Performance Statistics
AFK MSCI ESG Ratings
AFK Benchmark Comparison Summary
AFK Benchmark Comparison Market Cap Size