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.
IndexLast CloseOpenLastChangeChange (1Y)Range (1Y)
622.93 622.93 ---25.35%488.85 - 939.36
1,027.21 1,027.21 ---12.31%715.18 - 1,420.30
Symbol IndexName
MVAFK MVIS® GDP Africa Price Index
MVAFKTR MVIS® GDP Africa Total Return Net Index