The Market
Vectors-Africa Index ETF (AFK),
an exchange-traded fund (ETF) that started trading on July 10, 2008,
tracks the Dow
Jones Africa Titans 50 Index, which includes stocks that are
based or do business in 11 African countries (Angola, Democratic
Republic of the Congo (DR Congo), Egypt, Equatorial Guinea, Ghana,
Kenya, Mali, Morocco, Nigeria, South Africa and Zambia).
Currently, the top sectors include financials, basic resources
plus oil and gas.
The top five holdings, as of August 5, 2008, are Mobile
Telecommunications Company, Tullow
Oil, Sasol
Limited, First
Bank of Nigeria and Orascom
Construction Industries.
AFK has a net expense ratio of 0.83 percent.
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Middle East Dividend Fund Begins Trading
Updated August 15, 2008.
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