What does VanEck Africa Index ETF do?
VanEck Africa Index ETF (NYSEARCA:AFK) is an exchange-traded fund that aims to mirror the investment results of the MVIS GDP Africa Index, which tracks the performance of companies that are predominantly active in Africa or have a significant portion of their revenues or assets there. This ETF provides investors with exposure to a diverse range of sectors including natural resources, telecommunications, and financials, capturing the growth potential across the African continent. By investing in VanEck Africa Index ETF, shareholders can gain indirect access to African markets, which might be difficult to enter individually. The ETF seeks to offer a balanced blend of both growth and value, focusing on companies that show promise for sustainable returns. Through its targeted investments, VanEck Africa Index ETF aims to achieve long-term capital appreciation while also providing an opportunity for income via dividends from its holdings.