Direct Answer
The MSCI Frontier Markets Africa Index is a rule-based measurement of equities in African countries classified as frontier markets by MSCI, maintained by MSCI. Like every index it owns nothing: it is a number produced by applying a published weighting formula to a selected list of securities, revised on a schedule the provider sets.
What this index covers
The MSCI Frontier Markets Africa Index covers equities in African countries classified as frontier markets by MSCI. MSCI defines which securities are eligible, how they are selected from that pool, and how much each one contributes to the published number.
The methodology document, published by MSCI, sets the rules for inclusion and removal. Corporate actions, index reviews, and eligibility changes all move the constituent list on the timetable the provider specifies.
How constituents are weighted
Swoopr has not verified the weighting method for this index against MSCI's current methodology document, so none is stated here rather than guessed. The provider link below is authoritative.
Current MSCI Frontier Markets Africa Index constituents
MSCI publishes and licenses the MSCI Frontier Markets Africa Index constituent list. Swoopr does not republish it here. The provider's own page is the authoritative source for current membership and weights.
Related reading
- All stock market indexes: how indexes are built, weighted and revised.
- Africa indexes: others covering the same region.
- Index concentration: measuring how much of an index sits in its largest holdings.
- Index rebalancing and inclusion effects: what happens to a stock when index membership changes.
Frequently Asked Questions
Who maintains the MSCI Frontier Markets Africa Index?
MSCI maintains the MSCI Frontier Markets Africa Index and publishes the methodology document that defines its eligibility and weighting rules.
What does the MSCI Frontier Markets Africa Index measure?
It measures equities in African countries classified as frontier markets by MSCI. The index is a calculated number applying a weighting formula to a selected list of securities, and it holds nothing itself.
Where can I see the current MSCI Frontier Markets Africa Index constituents?
MSCI publishes the current constituent list. Swoopr does not republish it, because index providers license constituent data and Swoopr holds no such licence.