Market Vectors Africa ETF Favors Countries With Higher GDP
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Tue, Aug. 5, 7:11 AM
- President Obama is expected to announce a $14B commitment by U.S. companies to invest in construction, clean energy, banking, and information technology projects across Africa.
- "These investments will deepen U.S. economic engagement in Africa, fueling growth that will support broader African prosperity and emerging markets for US businesses, which will support jobs in both the United States and Africa," says a White House official.
- The announcement will occur at the U.S.-Africa Business Forum today, part of a three-day Africa summit in Washington.
- ETFs: AFK, EZA
Mon, Aug. 4, 7:02 AM
- General Electric (NYSE:GE) has announced that it will invest approximately $2B in African nations by 2018 and regards the continent as its most promising growth region.
- "We remain a committed partner to Africa’s sustainable growth," says CEO Jeff Immelt.
- The funds will be spent building new infrastructure projects, training local workers and improving regional supply chains.
- GE is increasing spending as the U.S. is shifting from supplying aid towards investing in Africa amid the start of a U.S.-Africa Leadership Summit in Washington D.C. starting today.
- ETFs: AFK
Wed, Jan. 15, 12:35 PM
- You could have made the same bear case against emerging markets 10 years ago and you would have missed a decade of outperformance, says Everest Capital chief Marko Dimitrijevic, rebutting Goldman's recommendation to cut holdings in the sector. "If you reduce or ignore emerging markets, you're going to miss on literally hundreds of companies that are great."
- Overall, Dimitrijevic overall return estimates are just slightly higher than Goldman's, but the real alpha is to be made in specific sectors - education in Brazil, infrastructure in Mexico, retail, cement, oil and gas in Colombia, and consumer plays in Saudi Arabia.
- Everest is most bullish on frontier markets, or, as Dimitrijevic calls them, "EM 2.0." "It's a secular opportunity that reminds us very much of what now-mainstream emerging markets were like 15 or 20 years ago."
- Everest had a big year in 2013, gaining 41.2%. Its dedicated Frontier fund rose 28.8%.
- Emerging market ETFs: EEM, VWO, DEM, EDC, DGS, EDZ, EEMV, EEB, SCHE, EDIV, IEMG, DVYE, BIK, EWX, EEV, BKF, PIE, CEW, ADRE, HILO, EUM, FNI, EET, GMM, PXH, EEMS, BBRC, EELV, FEMS, EEME, EMDD, BICK, EMCR, DBEM, FEM, EWEM, JEM, EVAL, EMLB, EMBB, EEHB, EGRW, TLTE, FNDE, EMSA, EMHD, EMDR, EMFT
- Frontier/MENA ETFs: FM, FRN, EMFM, AFK, GULF, GAF, MES, PMNA
May. 29, 2013, 12:54 PMDatatec (DTTLF.PK), the South African computer-networking firm which primarily installs Cisco (CSCO) products, is "a pure rand hedge" for South African rand investors, according to CEO Jens Montanana. The company's share price rise is correlating .85 (1.0 would be perfect) to the fall of the rand vs. the U.S. dollar. Montanana says the company is beginning to consider U.S. acquisitions. Related ETFs: AFK, CEW. | Comment!
Apr. 22, 2013, 2:26 PM
Apr. 11, 2012, 12:53 PM
Nov. 28, 2011, 12:46 PMWhile competitors are cutting back, Goldman Sachs (GS) is broadening its MENA equity research, initiating coverage on 80 new stocks, bringing the total to 121. Goldman's key theme is rising oil prices and the bank is looking at not only resource firms, but other beneficiaries like infrastructure and consumer spending. | Comment!
Oct. 5, 2011, 2:34 PMFiled under inflation isn't dead everywhere: Savers who gripe about near-0% interest rates should remember that real interest rates (accounting for CPI) in the U.S. aren't nearly as bad as some parts of the world. Case in point: The Central Bank of Kenya upped its benchmark rate from 7% to 11% (.pdf), while the Bank of Uganda hiked rates to 20% from 16% (.pdf) - both due to a runaway inflation. | 1 Comment
May. 27, 2011, 11:36 AMTurnout for today's rally against Yemen's government is less than had been expected as citizens are either fleeing Sanaa or worried about getting killed in what is looking increasingly like a civil war. Already somewhat a safe haven for al Qaeda, a failed Yemeni state could seriously erode ME security. | 1 Comment
Apr. 19, 2011, 4:37 PM
Apr. 19, 2011, 9:59 AM
Apr. 19, 2011, 8:58 AMThe protests and security force crackdowns continue in Syria, where 20K in Hams were fired at during an overnight sit-in. A government statement saying the demonstrations are the work of Salafist organizations, i.e. al-Qaeda, seemingly gives the green light for an even bloodier crackdown. | 1 Comment
Apr. 14, 2011, 11:05 AM
Apr. 13, 2011, 11:45 AM
Apr. 11, 2011, 2:12 PMA 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. | Comment!
Apr. 11, 2011, 11:26 AM
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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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