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 |
