A lot of people are looking at investing in emerging markets and few are venturing one step beyond and looking at Africa too.
At present, there aren’t many ETFs that focus on Africa, so your options are limited. Van Eck Africa ETF (AFK) is one of those limited options, and here is an overview of this Africa ETF.
This is a relatively new ETF that commenced operations only in July 2008, so it is just slightly over a year old.
The total net annual fund operating expenses of the Van Eck Africa ETF is 0.88%. It has 18.6 million dollars asset under management according to its fact sheet on 2Q 2009.
Index Underlying Van Eck Africa ETF