Click to Enlarge Play: Market Vectors Africa Index
Of course, we can’t have a growth list without considering Africa. The biggest hurdle in this case, though, is simply that it’s hard to sift through and get exposure to only the countries with promising profiles.
One such country: Morocco. As you can see in the chart, the biggest drop in the dependency ratio has already taken place, but that low point isn’t slated to make a quick reversal. Instead, the large working-age population is expected to last from approximately 2015 to almost 2040.
That’s a lot of time — which means a lot of time for growth.
The best way to try to cash in is to simply snatch up the Market Vector Africa Index Fund (AFK), considering a handful of other countries — including Cape Verde, Algeria and Western Sahara — also have similar profiles. Plus, Morocco’s Attijariwafa Bank is a top-10 holding.
Of course, it’s far from a pure play and comes with a pile of variables … but that’s true for any country you choose that’s possibly on the verge of an economic explosion.
As of this writing, Alyssa Oursler did not hold a position in any of the aforementioned securities.