AFK - Africa Stocks Take Lead For Global Equities Market In 2024

2024-05-29 10:45:00 ET

Summary

• After a punishing start to the year, shares in Africa have rebounded and are now the leading performer for the global stock market in 2024.
• VanEck Africa Index ETF is up 16.6% year to date.
• The acid test for South Africa, and perhaps the Africa ETF, one might reason, still lies ahead, after the market has had time to digest the implications of today’s election.

After a punishing start to the year, shares in Africa have rebounded and are now the leading performer for the global stock market in 2024, based on a set of ETFs tracking the world’s main regions through yesterday’s close (May 28)....

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