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Market Vectors Africa Index ETF (AFK)

  • Mar. 2, 2011, 9:11 AM
    In a surprise attack, pro-Gaddafi forces regain control of a key oil facility and airstrip in the eastern region of Brega, only to apparently lose it within hours as opposition forces counterattack. Gaddafi warns of thousands of deaths if U.S. and NATO forces intervene.
    | Mar. 2, 2011, 9:11 AM | Comment!
  • Mar. 2, 2011, 8:12 AM
    The canary in the coal mine for yesterday's sell-off, Saudi stocks drop sharply once again, falling 2.6%, now down 18% for the year.
    | Mar. 2, 2011, 8:12 AM | Comment!
  • Mar. 1, 2011, 9:20 AM
    Saudi stocks plummet 6.8%, sparked by the arrest of a cleric who called for a constitutional monarchy and equal rights for the Shiite minority. Shares now sit more than 20% below their 2010 highs. Premarket: MES -1.2%.
    | Mar. 1, 2011, 9:20 AM | 1 Comment
  • Feb. 28, 2011, 9:55 AM
    "Despite all the horrible things happening ... this revolution strikes me as being essentially rather bullish," says Goldman's Jim O'Neill. "MENA (Middle East/North Africa) has the combined potential to be a BRIC-like economic group." ETFs: MES, FRN, AFK, PMNA, GAF, GULF, FFD.
    | Feb. 28, 2011, 9:55 AM | 2 Comments
  • Feb. 24, 2011, 8:22 AM
    The exiled leader of Bahrain's Haq opposition is arrested in Lebanon while trying to travel back to his home country. Charged with participating in a coup attempt, Hassan Mashaima was recently pardoned by the King in accordance with protester demands.
    | Feb. 24, 2011, 8:22 AM | Comment!
  • Feb. 24, 2011, 7:29 AM
    Fleeing Egyptians, now accused by Qaddafi’s son of inciting the unrest, bring more tales of carnage taking place in Libya. "The mercenaries are in the streets and they’re killing anyone who leaves his house," says one man whose family is trapped in Tripoli.
    | Feb. 24, 2011, 7:29 AM | Comment!
  • Feb. 23, 2011, 2:29 PM
    Calling events in Libya a "positive earthquake," Gaddafi's son, al-Saadi expects his dad to stay on as "big father" to any new regime. Libyans will be happy to know that another of Gaddafi's sons is working on a new constitution. Bombardments have been necessary, says al-Saadi, to thwart al-Qaeda, which seeks to take control in the Eastern region.
    | Feb. 23, 2011, 2:29 PM | Comment!
  • Feb. 23, 2011, 10:51 AM
    Libya's Quryna newspaper reports an air force plane crashes near Benghazi after its crew bails out, refusing to carry out an order to bomb the city. Located in Eastern Libya, Benghazi has been controlled by anti-government forces for several days.
    | Feb. 23, 2011, 10:51 AM | 2 Comments
  • Feb. 23, 2011, 10:38 AM
    "It is unimaginable that someone is killing his citizens, bombarding his citizens, how can officers be ordered to use bullets ... against their own citizens," says Iran's Ahmadinejad. "Do not resist the will of the people." He spoke following raids in Tehran in which satellite dishes were confiscated.
    | Feb. 23, 2011, 10:38 AM | 2 Comments
  • Feb. 23, 2011, 7:49 AM
    "A matter of days," says a former Qaddafi aide who believes the strongman's time is up. "He’s already used planes, tanks, mercenaries, what’s left? Chemical weapons?" Crude is up another 1% this morning, while Arab stock markets bounce, a Bloomberg regional index +0.8%.
    | Feb. 23, 2011, 7:49 AM | 1 Comment
  • Feb. 22, 2011, 4:06 PM
    Time reports a source close to the regime saying Gaddafi, knowing he cannot retake the country, threatens, or at least bluffs, to turn Libya into another Somalia. To start, he has ordered the sabotage of oil facilities, starting with blowing up pipelines that bring crude to the Mediterranean.
    | Feb. 22, 2011, 4:06 PM | 12 Comments
  • Feb. 22, 2011, 3:26 PM
    Reuters reports an Al Jazeera post that Libya's interior minister has defected and urged the army to join the protesters.
    | Feb. 22, 2011, 3:26 PM | 1 Comment
  • Feb. 22, 2011, 3:08 PM
    A promise to release political prisoners has little effect as protesters in Bahrain continue to call for a new government. In another complication, the exiled leader of the opposition Haq movement promises to return to the country despite an outstanding arrest warrant.
    | Feb. 22, 2011, 3:08 PM | Comment!
  • Feb. 22, 2011, 10:39 AM
    As Gaddafi continues to use planes, helicopters and a recruited army of African mercenaries to attack protesters, Sen. John Kerry urges all international oil firms to cease Libyan operations until violence against civilians stops. WTI crude is off of its highs, but up sharply at $94.84/barrel. OIL +4.9%.
    | Feb. 22, 2011, 10:39 AM | Comment!
  • Feb. 22, 2011, 7:52 AM
    Egyptians fleeing Libya to return home bring tales, photos, and videos confirming not only brutal bloodshed, but that protesters are in control of large chunks of the eastern part of the country. In the city of Baida, the police and army distribute weapons to anti-government forces.
    | Feb. 22, 2011, 7:52 AM | 1 Comment
  • Feb. 21, 2011, 9:32 AM
    According to a Reuters tweet, Libya's Quryna newspaper reports the Justice Minister has resigned in protest over "excessive use of violence against (demonstrators)."
    | Feb. 21, 2011, 9:32 AM | 16 Comments
AFK vs. ETF Alternatives
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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