Yesterday we wrote about exchange traded funds that invest in Asian equities, which presents an opportunity to focus on another continent — Africa. [ETF Chart of the Day: Asia]

ETFs that invest in Africa are new to most investors and portfolio managers, with only three products currently on the map.

The iShares MSCI South Africa (NYSEArca: EZA) is the oldest fund dedicated to the continent, having launched in 2003.

Market Vectors Africa (NYSEArca: AFK) followed in 2008, and Market Vectors Egypt (NYSEArca: EGPT) inception date was in 2010.

EZA is heavily weighted towards basic materials (25.09%) and communication services (21.53%) as well as financials (19.40%). AFK on the other hand has a 30.66% weighting in financials, 20.21% in basic materials, and 14.59% in communication services.

AFK also is heavily weighted to South Africa (26.81% weighting) followed by Nigeria (19.56%) and Egypt (16.37%). EGPT follows the Market Vectors Egypt Index and is tilted towards communication services (17.09%) and financials (11.79%).

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