Africa Equity

Africa equity mutual funds and ETFs own securities listed on the various... Africa equity mutual funds and ETFs own securities listed on the various stock markets of 29 African countries. The most well-known exchanges are the Casablanca Stock Exchange, the Egyptian Exchange, and the Johannesburg Stock Exchange. African equity mutual funds and ETFs tend to have large weightings in financials, materials, and communication services. These funds may be passively or actively managed. They may also leave currency exposure unhedged, or choose to protect the portfolio from swings in the value of the various currencies of the continent. The African economy is characterized by significant external financing needs, low incomes relative to the rest of the world, and real GDP growth that has exceeded the global average in recent years.
More conservative-minded investors may purchase mutual funds and ETFs with exposure to a country such as South Africa, whereas a more aggressive investor may own a fund geared towards a more frontier market, such as Rwanda. Last Updated: 12/08/2023 View more View less

Africa equity mutual funds and ETFs own securities listed on the various stock markets of 29 African countries. The most well-known exchanges are the Casablanca Stock Exchange, the Egyptian Exchange, and the Johannesburg... Africa equity mutual funds and ETFs own securities listed on the various stock markets of 29 African countries. The most well-known exchanges are the Casablanca Stock Exchange, the Egyptian Exchange, and the Johannesburg Stock Exchange. African equity mutual funds and ETFs tend to have large weightings in financials, materials, and communication services. These funds may be passively or actively managed. They may also leave currency exposure unhedged, or choose to protect the portfolio from swings in the value of the various currencies of the continent. The African economy is characterized by significant external financing needs, low incomes relative to the rest of the world, and real GDP growth that has exceeded the global average in recent years.
More conservative-minded investors may purchase mutual funds and ETFs with exposure to a country such as South Africa, whereas a more aggressive investor may own a fund geared towards a more frontier market, such as Rwanda. Last Updated: 12/08/2023 View more View less