TY - JOUR T1 - Exchange-Traded Funds in Africa—<em>Challenges and Opportunities</em> JF - ETFs and Indexing SP - 131 LP - 134 VL - 2012 IS - 1 AU - Vladimir Nedeljkovic Y1 - 2012/06/20 UR - http://guides.pm-research.com/content/2012/1/131.abstract N2 - The exchange-traded fund (ETF) picture in Africa is a study of contrasts. The South African ETF market is relatively developed with 31 ETFs listed and approximately USD 4.75 billion in assets under management. However, Africa (ex-South Africa) has only three ETFs currently listed, and all three are secondary listings of ETFs with a primary listing in South Africa. This article briefly discusses the reasons behind this low level of penetration of ETFs in the African (ex-South Africa) markets, challenges experienced in introducing ETFs into the African markets, as well as the opportunities that ETFs can bring. ER -