Market Vectors Africa ETF is an open-end management investment company. The Fund seeks to replicate as closely as possible the price and yield performance of the Dow Jones Africa Titans 50 Index (the Index). The Index is a rules-based, modified capitalization-weighted, float-adjusted index consisting of publicly traded companies that are headquartered in Africa or that generate the majority of their revenues in Africa. The Index is calculated by Dow Jones Indexes. The Index comprises a diversified group of 50 companies. As of Dec 31 2013, the Fund's total assets were $118,713,820 and its investment portfolio was valued at $107,050,235. We show 40 historical shares outstanding datapoints in our coverage of AFK's shares outstanding history.
Understanding the changing numbers of AFK shares outstanding — and
comprehending the concept of differing number of shares outstanding in general comparing companies like AFK versus peers —
is critical for investors. Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies.
Furthermore, via issuance of new shares over time, or the repurchase of existing shares, the number of shares outstanding can fluctuate over the course of history.
With this page we aim to empower investors researching AFK by allowing them to research AFK shares outstanding history
as well as any other stock in our coverage universe. |
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Video: Shares Outstanding Importance
