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.
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.
Index
Last Close
Open
Last
Change
Change (1Y)
Range (1Y)
847.40
847.40
-
-
2.00%
488.85 - 1,060.06
1,300.57
1,300.57
-
-
17.07%
715.18 - 1,454.69
Timescale Slider
Symbol
IndexName
MVAFK
MVIS GDP Africa Price Index
MVAFKTR
MVIS GDP Africa Total Return Net Index
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