Another week, another frontier market ETF. Today it is the Market Vectors Africa Index ETF (AFK).Until now, investing in Africa with an investment product meant a disproportionately large weight to South Africa -- but not so with AFK. South Africa figures prominently at 25%, but Nigeria weighs in at 32% (a combination of 25% of companies actually listed in Nigeria and 7% companies listed elsewhere deriving at least half of its revenue from Nigeria) and is the largest country.
This ETF Bets on Big Profits Out of Africa
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