After more than a decade of U.S. tech stock domination, investors are increasingly looking for opportunities overseas. And while Europe and Asia are the typical starting points, contrarian types will find ample reasons to consider Africa. The only ETF devoted to the broader content offers a combination of valuation, technical attractiveness, and a sector allocation that complements tech-heavy portfolios.
On paper, investing in African stocks might seem uninspiring. Unless, of course, you are a contrarian investor at heart, like I am. This ETF’s portfolio sells at a remarkably low valuation amid a historically overvalued U.S. stock market.
