African Bond Index

ADBF will be benchmarked to the AfDB/AFMISM Bloomberg® African Bond Index 25% Capped (i.e. the Underlying Index), which is constructed and published by Bloomberg LP.

The Index is a rules-based market value weighted composite index comprising local currency sovereign debt from South Africa, Egypt, Nigeria, Kenya, Namibia, Botswana, Ghana and Zambia. Country percentage contribution to the index is capped at 25%. It is expected that other African sovereign countries will be added to the Index over time.

Click on a the map or choose a country from the list below to bring up stats.

AfDB/ AFMI℠ Bloomberg® African Bond Index

Countries in the index
Egypt
Code BEGYPT
% in BADBC index 25
GDP YoY 4.9
Inflation 21.9
Yield to Worst 14.95
Kenya
Code BKEN
% in BADBC index 10.7
GDP YoY 4.4
Inflation 4.83
Yield to Worst 12.46
Zambia
Code BZMB
% in BADBC index 1.99
GDP YoY 3.4
Inflation 6.2
Yield to Worst 17.79
South Africa
Code BSAFR
% in BADBC index 25
GDP YoY 0.8
Inflation 4.7
Yield to Worst 8.92
Namibia
Code BNAMI
% in BADBC index 1.95
GDP YoY -1.9
Inflation 5.2
Yield to Worst 10.01
Botswana
Code BBOTS
% in BADBC index 1.09
GDP YoY 1.2
Inflation 3.2
Yield to Worst 4.48
Nigeria
Code BNGRI
% in BADBC index 25
GDP YoY 1.4
Inflation 15.37
Yield to Worst 13.9
Ghana
Code BGHA
% in BADBC index 9.5
GDP YoY 9.3
Inflation 11.8
Yield to Worst 15.6
Countries expected to be included in the near term
Tanzania
GDP YoY 6.8
Inflation 4
Policy rate 12
Mauritius
GDP YoY 3.7
Inflation 4.2
Policy rate 3.5
Morocco
GDP YoY 3.9
Inflation 1.9
Policy rate 2.25
Countries in the index Countries expected to be included in the near term
Country Code
% in BADBC index
GDP YoY
Inflation
Yield to Worst
Policy rate
Countries in the index
Countries expected to be included in the near term

African Bond Index Performance & Characteristics

Cumulative Performance

YTD1-Month3-Month6-Month
4.66%3.75%12.65%16.83%

Annualised Performance (as at Feb 2nd 2018)

1-Year3-YearSince Inception
(Jul 2012)
24.85%6.84%22.40%

Index Characteristics (as at Jan 2018)

Yield to Worst (%)Modified Duration (Yrs)Number of BondsAverage quality
12.764.58212B+
Rebalance frequencyNumber of CountriesMarket Cap (USD)Weighted Methodology
Monthly8180 billionMarket Capitalization, with any single country capped at 25% max