MVIS GDP Africa Index

The MVIS GDP Africa Index (MVAFK) is designed to reflect the size of a country's economy instead of the size of its equity market. It defines country weightings based on a country's gross domestic product (GDP).The index also includes non-local companies incorporated outside of Africa that generate at least 50% of their revenues in Africa. MVAFK covers at least 90% of the investable universe.

Key Features

Size and Liquidity Requirements Full MCap of at least 150 mln USD.
Three month average-daily-trading volume of at least 1 mln USD at a review and also at the previous two reviews.
At least 250,000 shares traded per month over the last six months at a review and also at the previous two reviews.
Pure-Play Index includes non-local companies.
Diversification Company weightings are capped at 8%.
Review GDPs annually in June, components quarterly.
IndexLast CloseOpenLastChangeChange (1Y)Range (1Y)
783.80 783.80 ---7.41%488.85 - 1,060.06
1,221.96 1,221.96 --6.49%715.18 - 1,454.69
Symbol IndexName
MVAFK MVIS GDP Africa Price Index
MVAFKTR MVIS GDP Africa Total Return Net Index