Van Eck launches new Africa ETF

The index is compiled using the stock of 50 companies that are either listed in Africa or generate the majority of their revenue from the region and are listed on international exchanges. To be eligible for inclusion in the index, the companies must have a minimum market capitalisation of US$200m and a three-month average daily trading volume of US$1m.

Eleven countries are now covered by the index, including South Africa, Morocco, Egypt and the frontier markets of Nigeria, Ghana and Zambia

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