Year-to date portfolios of African securities have outperformed all global markets. Besides possessing a wealth of natural resources, some countries are enjoying greater political stability and between growing domestic demand and fast rising trade with China, growth is expected to continue. A few months ago, Obiageli Ezekwesili, World Bank Vice-President for Africa Region, predicted that after a 1.7% drop in growth during the global economic crisis, Africa’s economy will grow 4.2% this year, and 4.5% in 2011. This week Barron’s put the continent under the cover in an article entitled “The Final Frontier.” Roger Nussbaum picked up on the story and discussed numerous African Index funds and ETFs.
|S&P 500 with Dividends||-0.11%||13.92%|
|Foreign Small Cap||09/15/2008||4.26%||29.03%|
|Western Pacific Rim||08/06/2009||0.46%||–|