Market Vectors-Africa ETF Lists on NYSE Arca

NYSE Euronext launched Van Eck’s Market Vectors-Africa exchange-traded fund (ETF) on NYSE Arca.

Market Vectors-Africa Index ETF (ticker: AFK) gives access to a fast-growing, relatively untapped market that is becoming increasingly sought by investors looking beyond existing international investment opportunities, NYSE Euronext said.

AFK is designed to track the Dow Jones Africa Titans 50 Index, a rules-based index intended to give investors access to the overall performance of companies that are headquartered in Africa or that generate the majority of their revenues in Africa, according to a release.