NYSE Euronext (NYX) today announced launch of Van Eck's Market Vectors-Africa ETF on NYSE Arca. ETFs and ETNs listed on NYSE Arca - an industry leader in ETF and ETN listings and trading - represent 55% of ETF and ETN assets under management in the U.S., nearly $590 billion, the most of any exchange.
Market Vectors-Africa Index ETF (NYSE Arca: AFK) allows convenient access to a fast-growing, relatively untapped market that is becoming increasingly sought by investors looking beyond existing international investment opportunities. AFK is designed to track the Dow Jones Africa Titans 50 Index, a rules based index intended to give investors access to the overall performance of companies that are headquartered in Africa or that generate the majority of their revenues in Africa.
As the first fully electronic platform to utilize designated liquidity providers, NYSE Arca sets the national best bid and offer nearly 85% of the time, leading all U.S. exchanges. NYSE Arca remains an established leader in the ETF and ETN market place offering investors some of the industry's fastest and most innovative trading tools to access liquidity. Including today's listings, NYSE Arca has 276 ETF primary and 76 ETN listings and trades all other eligible ETFs on a UTP basis. NYSE Euronext remains the global exchange of choice for Exchange-Traded Products with a total of 681 primary listings.