MVIS® GDP Africa Index
The MVIS® GDP Africa Index (MVAFK) is designed to reflect the size of a country's economy instead of the size of its equity market. It defines country weightings based on a country's gross domestic product (GDP).The index also includes non-local companies incorporated outside of Africa that generate at least 50% of their revenues in Africa. MVAFK covers at least 90% of the investable universe.
Key Features
Size and Liquidity Requirements |
Full MCap of at least 150 mln USD. Three month average-daily-trading volume of at least 1 mln USD at a review and also at the previous two reviews. At least 250,000 shares traded per month over the last six months at a review and also at the previous two reviews. |
Pure-Play |
Index includes non-local companies. |
Diversification |
Company weightings are capped at 8%. |
Review |
GDPs annually in June, components quarterly. |
Timescale Slider
Symbol |
IndexName |
MVAFK |
MVIS® GDP Africa Price Index |
MVAFKTR |
MVIS® GDP Africa Total Return Net Index |