3 min readBy Beqa Bumbeishvili ETF Insider
CSPX VS CG: Tracking and Exposure
CSPX and CG cater to different investment preferences, CSPX focusing on established U.S. companies and CG focuses on a more specialized area.
The VanEck Vectors Africa Index ETF (AFK) is managed by VanEck, a well-established issuer in the ETF industry. The fund's primary objective is to replicate the performance of the Africa Index, which includes securities of African companies, both local and those incorporated outside of Africa with substantial revenue and assets in the continent. VanEck's AFK ETF provides investors with exposure to the dynamic and diverse African market, offering a passive investment approach that aligns with the index's performance rather than seeking to outperform it. As of December 31, 2022, the Africa Index consisted of 77 securities, with a market capitalization range of approximately $1.07 billion to $52.07 billion, and the ETF's investment strategy is subject to change with a 60-day prior written notice to shareholders.
Although the primary focus of the VanEck Vectors Africa Index ETF (AFK) may not revolve around dividends, it aligns with the dividend distribution of the underlying Africa Index. These dividend distributions typically occur in accordance with the dividend policies and performance of the constituent companies within the Africa Index. As of its latest reporting, the Africa Index comprised 77 securities with market capitalizations ranging from approximately $1.07 billion to $52.07 billion, with an average weighted market capitalization of $9.53 billion. Investors in AFK may expect dividend returns in line with the companies represented in the index.
Tracking the Africa Index is the primary objective of the Market Vectors Africa Index ETF (AFK). AFK invests at least 80% of its total assets in securities that make up the Africa Index, which comprises securities of African companies. These companies include both local listings incorporated in Africa and listings of companies incorporated outside of Africa but with a significant portion of their revenues and related assets in Africa. AFK employs a passive or indexing investment approach, aiming to replicate the Africa Index's performance rather than trying to outperform it. As of December 31, 2022, the Africa Index consisted of 77 securities, with market capitalization ranging from approximately $1.07 billion to $52.07 billion and a weighted average market capitalization of $9.53 billion, subject to change. The ETF may also concentrate its investments in specific industries that align with the Africa Index's industry concentrations.
The correlation aspect of the VanEck Vectors Africa Index ETF (AFK) is notable for its close alignment with the performance of African companies. Given that AFK primarily invests in securities comprising its benchmark index, the Africa Index, it tends to exhibit a strong correlation with the economic conditions and market sentiment within the African continent. Investors interested in understanding and capitalizing on opportunities in the African market often look to AFK's correlation with various sectors and assets to make informed investment decisions. ETF Insider's web app provides a valuable resource for exploring AFK's correlations, offering deep insights and visualizations to help investors identify overlapping trends and market dynamics.
The VanEck Vectors Africa Index ETF (AFK) primarily focuses on African companies, including local listings and those incorporated outside Africa but generating at least 50% of their revenues/related assets in Africa. The Africa Index's country weightings are based on relative GDP weights, with 77 securities representing a diverse range of market capitalizations. AFK offers investors exposure to various sectors, with a significant presence in financials, basic materials, and communication services as of December 31, 2022. This ETF allows investors to participate in the growth potential of the African continent's economies and industries.
The exposure characteristic of the VanEck Vectors Africa Index ETF (AFK) primarily revolves around African companies, both local and those incorporated outside Africa but generating at least 50% of their revenues from the continent. AFK's portfolio includes a diverse range of securities, encompassing various African industries, including financials, basic materials, and communication services. With a passive investment approach, AFK aims to replicate the performance of the Africa Index, allowing investors to access the dynamic and evolving markets of Africa. To delve deeper into AFK's exposure and gain insights into its holdings, correlations, and overlaps, consider using the ETF Insider web app, which offers comprehensive data and visualization tools for US ETFs.
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