Discover the Hidden Gem in Emerging Markets

Discover the Hidden Gem in Emerging Markets


Safaricom PLC Kenya ($SCOM) is a leading telecommunications provider in Kenya and East Africa, with a strong market position and a diverse range of services including mobile, financial, and enterprise solutions. This makes it a compelling investment opportunity for those looking to gain exposure to the growth potential of the African market.

One indication of the interest in $SCOM as an investment opportunity can be seen in the allocation of major Emerging Markets international ETFs. The VanEck Africa Index ETF $AFRK, for example, has allocated 5.26% of its fund to $SCOM, while the iShares MSCI Frontier and Select EM ETF $FM has allocated 2.33% of its fund to $SCOM, and the Global X MSCI Next Emerging & Frontier ETF $EMFM has allocated 1.11% of its fund to $SCOM.

This allocation of funds by these ETFs suggests that they view $SCOM as a strong investment opportunity, and that they believe that it has the potential to provide strong returns to investors. Other ETFs that have invested in $SCOM include the SPDR S&P Emerging Markets Dividend ETF $EDIV, the SPDR S&P Emerging Markets Small Cap ETF $EWX, and the iShares MSCI Emerging Markets Small-Cap ETF $EEMS.

An investor may consider buying $SCOM due to its strong market position and diversified portfolio in Kenya and East Africa, and the fact that it is already being invested in by several major Emerging Markets international ETFs, indicating that it is seen as a strong investment opportunity with potential for growth.


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