Summary
AFK Chart
AFK: So Contrarian, It Just Might Work (New Buy Rating)
AFK invests in a portfolio of stocks that do most of their business on the continent of Africa. It is the only US-traded ETF that can say that. South African gold miners are part of the portfolio but don't dominate it, there is good non-tech diversification here. AFK's portfolio sells for about 10x trailing earnings. That, the chart pattern (long-term) and the potential for this market to be discovered make it a speculative buy.
Africa Stocks May Be Close To Overtaking US Equities In 2024
American stocks are still the year-to-date leader so far in 2024 via SPDR S&P 500, but VanEck Africa is nipping at its heels. AFK, despite its pan-African mandate, is heavily weighted in South Africa stocks, which comprise roughly 40% of assets.
VanEck Vectors Africa Index ETF Dividends
 AFK 18 Dec 2023 Paid | Annual | $0.31 Per Share |
| AFK 19 Dec 2022 Paid | Annual | $0.58 Per Share |
| AFK 20 Dec 2021 Paid | Annual | $0.84 Per Share |
| AFK 21 Dec 2020 Paid | Annual | $0.8 Per Share |
| AFK 23 Dec 2019 Paid | Annual | $1.29 Per Share |
VanEck Vectors Africa Index ETF Earnings
| AFK 18 Dec 2023 Paid | Annual | $0.31 Per Share |
| AFK 19 Dec 2022 Paid | Annual | $0.58 Per Share |
| AFK 20 Dec 2021 Paid | Annual | $0.84 Per Share |
| AFK 21 Dec 2020 Paid | Annual | $0.8 Per Share |
| AFK 23 Dec 2019 Paid | Annual | $1.29 Per Share |
VanEck Vectors Africa Index ETF (AFK) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has VanEck Vectors Africa Index ETF ever had a stock split?
VanEck Vectors Africa Index ETF Profile
| ARCA Exchange | US Country |
Overview
The fund focuses on investing primarily in securities that are part of its benchmark index, which is composed of African companies. This broad definition encompasses both companies that are incorporated within Africa and those that are based outside the continent but derive at least half of their revenues or have significant assets there. By maintaining at least 80% of its total assets in these securities, the fund aims to provide investors with a focused yet diversified exposure to the African economy.
Products and Services
The fund offers a variety of investment opportunities, centered around its core strategy of investing in African companies as defined by its benchmark index. The products and services provided cater to investors looking to tap into the growth potential of the African market.
- Securities of African Companies:
Investments are primarily made in companies that are either incorporated in Africa or have significant economic ties to the continent through revenue or assets. This allows investors to gain exposure to the African market's growth potential.
- Local and International Listings:
The fund includes both local listings of companies that are incorporated within Africa and international listings of companies that, despite being incorporated outside of Africa, have at least 50% of their revenues/related assets in the continent. This dual approach provides a broad market exposure, including to multinational companies benefiting from African growth.
Contact Information
