CAFRX Commonwealth Africa Forecast, Technical & Fundamental Analysis

The most notable companies in this group are Gold Fields Ltd (NYSE:GFI).

The investment seeks to provide long-term capital appreciation and current income. Under normal market conditions, the fund invests at least 80% of its net assets in the securities of, and depositary receipts (including American Depositary Receipts ("ADRs"), Global Depositary Receipts ("GDRs"), and European Depositary Receipts ("EDRs")) represented by, African issuers that are tied economically to Africa.

The average market capitalization across the Commonwealth Africa MF is 15.1B. The market cap for tickers in the group ranges from 61.65M to 29.36B. GFI holds the highest valuation in this group at 29.36B. The lowest valued company is DSY at 61.65M.

The average weekly volume growth across all stocks in the Commonwealth Africa MF was 70%. For the same stocks of the MF, the average monthly volume growth was -25% and the average quarterly volume growth was -21%