Choosing an Appropriate African Equity Index PoorSatisfactoryGoodVery GoodExcellent Be the first. (0 ratings) Log in to rate this article. CFA Digest August 2012 | Vol. 42 | No. 3 Source: CFA InstituteDaniel Broby Jennifer PassmoorThomas M. Arnold, CFA (Reviewer) Abstract The authors assess the available equity indices for African investment. The African continent is generally considered a “frontier market,” but such a classification does not fit all of the markets in Africa very well. Furthermore, existing indices tend to be biased either in sector representation and/or liquidity issues. Such biases can make existing African equity indices unsuitable for evaluating fund manager performance. View more information Topics Equity Investments : Equity Markets - Characteristics, Institutions, and Benchmarks | Performance Measurement and Evaluation : Benchmark Selection | Portfolio Management : Equity Portfolio Management Strategies Credits · About the CE Program 0 CE (including 0 SER) Record credits Credits recorded Members, log in to record your credits. Manage CE Credits Loading ...