Benchmark Indexes

Top40 Benchmark

The NR Africa Top40 Index (Bloomberg: NEXRTP40) measures the performance of Africa's most liquid equity markets excluding South-Africa. NR Indexes' methodology ranks shares with a minimum market cap of US$500M and a free float of greater than 25% within each issuer. It is a daily priced, free float adjusted, market cap weighted index that aims to capture over 50% of the (publicly available) total market capitalization of Africa. This comes with a matching total return index which captures dividend returns for all constituents. The benchmark Top 40 index applies cross-ownership & local legal restriction screens to stocks with a market cap greater than 1% of each country's total. Component companies are adjusted for available float, unavailable strategic shareholdings and limitations to foreign ownership.

Mid45 Benchmark

The NR Africa Mid 45 Index (Bloomberg: NEXRMD45) measures the performance of Africa's equity markets excluding South-Africa. NR Indexes' methodology ranks shares with a minimum market cap of US$200M and a free float of greater than 25% within each issuer. The benchmark Mid 45 index is a daily priced index, with a matching return index and provides for investors with a higher risk appetite.

Top100 Benchmark

The NR Africa Top 100 Index (Bloomberg: NEXRTP100) measures the performance of Africa's equity markets. NR Indexes' methodology ranks shares with a minimum market capitalisation of US$100M, and a free float greater than 25% within each issuer. The benchmark Top 100 is a daily priced index with a matching return index and provides investors with a greater diversification of portfolio within Emerging Market Africa.

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Regional Indexes - North Africa | East Africa | West Africa | Southern Africa

Country Indexes - Nigeria | Egypt | Kenya | South Africa

Sector Indexes - Materials | Industrials | Consumer Goods | Energy | Financials | Telecoms