Also AMIB50 : Cloud Atlas Big50 ex-SA ETF
I would caution on investing in the AFK ETF simply by looking at their top exposures
In 2005 i invested heavily in Zenith, Guaranty trust bank, oceanic bank, first bank, dangote cement company, OANDO (formerly Unipetrol) and other stocks listed on the Nigerian Stock Exchange - NSE
By 2008 global financial crisis my entire portfolio went down -95%, 10 years later it recovered to -85% and i sold off whatever remained and gave to charity.
It was then uncovered that the entire market was artificially manipulated (corruption), coupled with a very light touch regulation by NSE
| SAFARICOM PLC | SAFCOM KN | 6.42 |
|---|---|---|
| MTN NIGERIA COMMUNICATIONS PLC | MTNN NL | 5.39 |
| ATTIJARIWAFA BANK | ATW MC | 4.82 |
| ANGLO AMERICAN PLC | AAL LN | 4.62 |
| COMMERCIAL INTERNATIONAL BANK EGYPT SAE | CBKD LI | 4.30 |
| GUARANTY TRUST HOLDING CO PLC | GTCO NL | 4.29 |
| NASPERS LTD | NPN SJ | 3.94 |
| ZENITH BANK PLC | ZENITHBA NL | 3.94 |
| ITISSALAT AL-MAGHRIB | IAM MC | 3.66 |
| EQUITY GROUP HOLDINGS PLC/KENYA |
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