VanEck Africa Index ETF
AFK
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 666 Third Avenue, 9th Floor New York NY United States of America 10017
- IPO Date
- Jul 14, 2008
- CIK
- 0001137360
- Website
- vaneck.com
- Similar Companies
- Business
- VanEck Africa Index ETF (AFK) is an exchange-traded fund that seeks to replicate the price and yield performance, before fees and expenses, of the MVIS GDP Africa Index (MVAFKTR). The fund provides investors with targeted exposure to companies incorporated in Africa or generating at least 50% of their revenues or related assets from the continent; it emphasizes a GDP-weighted approach across a broad range of sectors including materials, financials, and communication services, with top holdings such as Naspers Ltd, Barrick Mining Corp, Airtel Africa Plc, Attijariwafa Bank SA, and Anglo American Plc. AFK offers one-trade access to African markets, including frontier economies, with key geographic weightings in South Africa, Morocco, Nigeria, Kenya, and others; the ETF maintains approximately 78 holdings, diversified across asset classes predominantly in non-U.S. equities. Launched on July 10, 2008, and domiciled in the United States, AFK is issued by VanEck ETF Trust and managed by Van Eck Associates Corporation, headquartered in New York; as of December 2025, the fund reports total net assets of around $96.62 million, a net expense ratio of 0.88%, and a year-to-date NAV return exceeding 57%. In recent developments, AFK has sustained strong performance amid commodity-driven growth in Africa, with its underlying MVIS GDP Africa Index updated in May 2025 to version 1.02, refining weighting methodologies such as capping the third-largest security at 7% and the fourth at 6.5% to enhance diversification; the ETF benefited from robust sector allocations, notably materials at 37.13% and financials at 30.97% as of late 2025, reflecting no major structural changes like closures despite VanEck's liquidation of unrelated ETFs earlier in the year.