Market Vectors Africa Index ETF

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  • Mar. 15, 2011, 2:52 PM

    The Bahraini military intends to clear out protesters tonight from the Pearl Roundabout, where demonstrations have been taking place since mid-February. This follows the imposition of martial law earlier today and the entry of Saudi troops into the country yesterday.

    | Mar. 15, 2011, 2:52 PM
  • Mar. 15, 2011, 1:22 PM
    Loyalist forces have sights set on rebel stronghold Benghazi after taking the key town of Ajdabiyah. A human rights group warns of a Rwanda-type bloodbath if Gadaffi attacks Benghazi, a city of 670K. Failing to agree to even ask the U.N. for a no-fly zone, the G8 issues a strongly worded statement.
    | Mar. 15, 2011, 1:22 PM | 7 Comments
  • Mar. 15, 2011, 8:28 AM

    The AP reports a Saudi soldier has been shot dead by a protester in Bahrain. Only yesterday, Saudi troops entered the country to assist in squashing government opposition. Earlier, Bahrain's King announced the imposition of martial law for three months.

    | Mar. 15, 2011, 8:28 AM
  • Mar. 15, 2011, 7:21 AM
    Energized by military victories and the disarray of diplomats who have pledged to stop him, Gaddafi tells rebels regrouping in Benghazi to "surrender or run away." Given Russian, German, and Turkish opposition to a no-fly zone, will the U.S., U.K., and France act on their own?
    | Mar. 15, 2011, 7:21 AM | 2 Comments
  • Mar. 14, 2011, 5:42 PM

    Is U.S. silence over Saudi troops entering Bahrain, and inaction as Gadaffi reasserts control in Libya a lack of competence or a cynical policy designed to "create a firebreak" between events in North Africa and the oil-rich Gulf? It could backfire as the Saudi intervention promises to further radicalize the Bahraini opposition.

    | Mar. 14, 2011, 5:42 PM | 3 Comments
  • Mar. 14, 2011, 3:27 PM
    Loyalist forces in appear to have retaken Zuwarah, one of the last remaining rebel-held towns in Western Libya, amid reports of residents fleeing their homes under heavy shelling attack. "By the time world powers agree on a response ... Gadhafi's forces may have already secured victory," says an analyst.
    | Mar. 14, 2011, 3:27 PM | 2 Comments
  • Mar. 14, 2011, 8:50 AM

    Regarding the Saudi intervention into Bahrain, Stratfor notes the situation must be becoming "increasingly untenable for the regime." The leader of the hardline al-Haq party says Saudi interference opens to door for Iran to do the same, though such action seems unlikely at present.

    | Mar. 14, 2011, 8:50 AM | 2 Comments
  • Mar. 14, 2011, 8:08 AM

    A Saudi official confirms more than 1K of his country's troops have entered Bahrain to assist the government in its fight against protesters. Opposition groups have rejected any offers of dialogue until the government steps down.

    | Mar. 14, 2011, 8:08 AM | 1 Comment
  • Mar. 10, 2011, 7:26 AM

    Worried that unrest in its neighbors may soon come knocking on their own doors, the Gulf Cooperation Council sets up a more than $10B fund to provide financial assistance to Bahrain and Oman.

    | Mar. 10, 2011, 7:26 AM
  • Mar. 8, 2011, 11:47 AM
    The National Libyan Council changes its earlier position, a spokesman telling Al Jazeera if Gaddafi leaves the country within 72 hours, "(we) will step back from pursuing him for crimes." Gaddafi's people continue to deny holding talks with the rebels.
    | Mar. 8, 2011, 11:47 AM | 4 Comments
  • Mar. 8, 2011, 9:14 AM
    Saudi Arabia share update: after falling 20% in 2 weeks ending March 2, stocks continue to rebound sharply. The Tadawul index +2.1% last night, is +14% over the past 4 sessions, now just -8.3% YTD.
    | Mar. 8, 2011, 9:14 AM | 1 Comment
  • Mar. 8, 2011, 8:08 AM

    Protests come to Kuwait, where demonstrators call for the removal of the PM and his replacement from someone outside of the ruling Al-Sabah family. Neither this nor a larger rally planned for later today received permission from the government, which typically bans such events.

    | Mar. 8, 2011, 8:08 AM | 5 Comments
  • Mar. 8, 2011, 7:22 AM

    A spokesman for the National Libyan Council confirms Gaddafi's offer to talk about his exit, but says the approach was rejected. "We are not negotiating with someone who spilled Libyan blood ... why would we trust the guy today?" After selling off $2 overnight, April crude is slightly higher at $105.18.

    | Mar. 8, 2011, 7:22 AM
  • Mar. 4, 2011, 11:58 AM

    Pro-Gaddafi forces have reportedly retaken the town of Zawiyah near Tripoli in fierce fighting. Al Jazeera reports 50 dead and hundreds wounded. Included among the dead is the top opposition leader in that city, Hassan Warbok.

    | Mar. 4, 2011, 11:58 AM
  • Mar. 4, 2011, 8:14 AM
    Analysts question how much longer Saudi Arabia can abide unrest in Bahrain, where a possible Iranian-influenced Shiite takeover would be a direct threat to the Kingdom's Sunni rulers. "At the end of the day, Saudi Arabia would intervene militarily," says military expert Theodore Karasik.
    | Mar. 4, 2011, 8:14 AM | 3 Comments
  • Mar. 4, 2011, 7:44 AM

    "Victory or death," declares the head of the rebel National Libyan Council, ex-justice minister Mustafa Abdel Jalil. Look for the news flow to start soon as Friday prayers are ending about now. WTI crude +1.1% at $102.80.

    | Mar. 4, 2011, 7:44 AM
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.
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