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Market Vectors Africa Index ETF (AFK)

  • Apr. 14, 2011, 11:05 AM
    Having made Libya its problem, NATO is warned by opposition groups that a massacre will occur in Misrata if air attacks against Gaddafi forces are not stepped up. Other than France and the U.K., NATO appears to have lost interest.
    | Apr. 14, 2011, 11:05 AM | 11 Comments
  • Apr. 13, 2011, 11:45 AM
    Following mass arrests of nearly every male security forces could get their hands on in the Syrian city of Baida, the women of the town protest for their release. In the meantime, the city of Banias, home to one of the country's two oil refineries, remains sealed.
    | Apr. 13, 2011, 11:45 AM | Comment!
  • Apr. 11, 2011, 2:12 PM
    A move by the Gulf Cooperation Council to mediate President Saleh's gradual departure from power is called unconstitutional by the country's opposition groups who want his immediate resignation. After similarly rejecting GCC help last week, Saleh now claims to welcome the group's participation.
    | Apr. 11, 2011, 2:12 PM | Comment!
  • Apr. 11, 2011, 11:26 AM
    Security forces seal off and cut electricity to the city of Banias after weekend demonstrations in which several pro-democracy protesters were killed. Bashar Assad, sounding ominously like his father before he had thousands killed, blames the unrest on a foreign conspiracy.
    | Apr. 11, 2011, 11:26 AM | 1 Comment
  • Apr. 10, 2011, 5:10 PM
    Breaking: South African President Jacob Zuma, in Libya to try to negotiate a ceasefire, says Gaddafi has accepted the roadmap to peace proposed by the African Union.
    | Apr. 10, 2011, 5:10 PM | 5 Comments
  • Apr. 8, 2011, 2:18 PM
    The violence continues to escalate in Syria where BBC now reports 23 protesters killed by security forces in Deraa. Following the deaths of demonstrators over the past weeks, demands for political reform have morphed into calls for the regime to be toppled.
    | Apr. 8, 2011, 2:18 PM | 2 Comments
  • Apr. 8, 2011, 11:18 AM
    As Gaddafi forces lay siege to Misrata, the lone rebel-held city in the West, military commanders admit it unlikely rebel forces will be able to overthrow the strongman by force. "It is important to find a political solution," says a NATO spokesperson ... oil for food V2.0? USO +1.3%, BNO +2.0%.
    | Apr. 8, 2011, 11:18 AM | 2 Comments
  • Apr. 8, 2011, 10:52 AM
    More are shot and killed in Yemen as President Saleh angrily nixes a GCC-brokered deal which would have had him step down in return for a guarantee of immunity. "We reject this belligerent intervention," Saleh tells a crowd of supporters.
    | Apr. 8, 2011, 10:52 AM | 2 Comments
  • Apr. 8, 2011, 9:48 AM
    With "Friday of Steadfastness," protests taking place across Syria, several are dead in Deraa as security force snipers fire from rooftops. Assad's offer of nationality to some ethnic Kurds appears to have only stirred the pot even more, the Kurds angrily responding that their fight is for democracy.
    | Apr. 8, 2011, 9:48 AM | 1 Comment
  • Apr. 7, 2011, 2:28 PM
    Opposition leaders have given the nod to a proposal by the Gulf Cooperation Council for Yemeni President Saleh to step down and be given immunity from prosecution. However, earlier reports that Saleh would travel to Riyadh to hammer out the details are now being questioned.
    | Apr. 7, 2011, 2:28 PM | Comment!
  • Apr. 6, 2011, 5:25 PM
    "The Middle East is printing money and it’s used to operating in chaos ... regime changes are just a fact of life," says Colony Capital's Thomas Barrack, succinctly summing up the case for investing in MENA. Every $1 increase in the oil price brings $9B more to the region.
    | Apr. 6, 2011, 5:25 PM | Comment!
  • Apr. 6, 2011, 2:32 PM
    Saudi Arabia and other Gulf states, worried about a chaotic government collapse in Yemen, have joined in trying to have President Saleh step down to be replaced by a tribunal of leaders representing various sects. Saleh indicates he will participate in talks in Riyadh. No word has been heard from opposition leaders.
    | Apr. 6, 2011, 2:32 PM | 1 Comment
  • Apr. 6, 2011, 7:39 AM
    The head of the rebel army blames inadequate NATO support as his troops retreat from the oil port of Brega. Combined with Tobruk - where the rebels are set to make their first oil sale - holding the town of Brega would give the rebels strong control of oil in the East. May crude is up a bit at $108.21.
    | Apr. 6, 2011, 7:39 AM | 1 Comment
  • Apr. 5, 2011, 4:35 PM
    Possibly the next MENA country to get familiar with, Oman launches arrests ahead of planned demonstrations on Friday. In power for 30 years, Sultan Qaboos has been trying to quell unrest by doling out cash and jobs. The country is a relatively minor producer of oil.
    | Apr. 5, 2011, 4:35 PM | 1 Comment
  • Apr. 5, 2011, 8:08 AM
    More violence in the Yemeni city of Taiz as security forces again fire on protesters one day after killing at least ten. With counter-terrorism operations ground to a halt, the U.S. now sees President Saleh as a liability rather than ally in the fight against al-Qaeda. "He needs to step aside," says an unnamed U.S. official.
    | Apr. 5, 2011, 8:08 AM | 3 Comments
  • Apr. 4, 2011, 5:42 PM
    Rejecting a supposed cease-fire proposal from its former ally, Italy becomes the latest country to formally recognize the Libyan opposition. "These proposals are not credible," says Italian Foreign Minister Franco Frattini, noting Gaddafi has violated past truces.
    | Apr. 4, 2011, 5:42 PM | Comment!
AFK Description
The Africa Index ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors GDP Africa Index (MVAFKTR). The Index provides exposure to publicly traded companies that are headquartered in Africa or that generate the majority of their revenues in Africa. As such, the Fund is subject to the risks of investing in this region.
See more details on sponsor's website
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