The switch to GDP weight also reduced the ETF’s financial sector exposure from 48% while increasing the exposure to energy, materials and industrials.
AFK is up 7.1% over the past month, but the ETF is down 6.6% year-to-date.
Some critics, though, argue that GDP weighting is a backward looking measurement since GDP is reported quarterly and often revised.
Market Vectors Africa Index ETF
For more information on Africa, visit our Africa category.
Max Chen contributed to this article.