TY - JOUR T1 - Choosing an Appropriate African Equity Index JF - The Journal of Index Investing SP - 34 LP - 41 DO - 10.3905/jii.2012.2.4.034 VL - 2 IS - 4 AU - Daniel Broby AU - Jennifer Passmoor Y1 - 2012/02/29 UR - https://pm-research.com/content/2/4/34.abstract N2 - As African equity investing becomes more mainstream, investors are likely to gravitate toward an equity index family for benchmarking purposes. This article describes the challenges associated with adopting an African-based index. African equity markets are diverse and incorporate very different market capitalizations, sectors, and countries. In addition, the lack of liquidity in the various stock markets presents a large challenge. The authors conclude that as a result of the diverse methodologies, no single index truly captures the universe that investors are seeking.TOPICS: Emerging, equity portfolio management, mutual funds/passive investing/indexing ER -