The MVIS® Mexico Equal Weight Index (MVMXEQ) index tracks the performance of the largest and most liquid companies incorporated in Mexico, employing an equal weighting scheme. The index also includes non-local companies incorporated outside Mexico that generate at least 50% of their revenue in Mexico. MVMXEQ covers at least 90% of the investable universe.
Learn how to license this index| Component | Country | Non-local | Allocation | Weight |
|---|---|---|---|---|
| TERNIUM SA-SPONSORED ADR | LU | Y | MX | 3.09% |
| BANCO DEL BAJIO SA | MX | - | - | 3.05% |
| CEMEX SAB DE CV | MX | - | - | 2.99% |
| SOUTHERN COPPER CORP | US | Y | MX | 2.95% |
| MEGACABLE HOLDINGS-CPO | MX | - | - | 2.94% |
| REGIONAL SAB DE CV | MX | - | - | 2.90% |
| GRUPO TELEVISA SA | MX | - | - | 2.86% |
| GRUPO CARSO SAB DE CV-SER A1 | MX | - | - | 2.81% |
| GRUPO FINANCIERO INBURSA SA DE CV | MX | - | - | 2.80% |
| GRUPO BIMBO SAB- SERIES A | MX | - | - | 2.78% |
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The white area of the table shows the number of companies incorporated in a certain country and the country's weight in the index.
Countries marked with (*) are the home of non-local companies. Non-local companies are companies, incorporated in these countries, that generate at least 50% of their revenues in the index target.
The number of non-local companies is declared in column «non-local». The count of components and weights in the grey area is achieved by reassigning the non-local companies to the country or region covered by the index.
| Country | Components | Weight | Non-Local | Components | Weight |
|---|---|---|---|---|---|
| Mexico | 30 | 79.98% | 8 | 38 | 100.00% |
| United States (*) | 3 | 7.55% | - | - | - |
| Canada (*) | 3 | 7.13% | - | - | - |
| Luxembourg (*) | 1 | 3.09% | - | - | - |
| United Kingdom (*) | 1 | 2.25% | - | - | - |
| Total | 38 | 100.00% | 8 | 38 | 100.00% |
The weighting of a certain sector in an index is based on the weightings of the index components allocated to this sector. The table below displays the number of index components by sectors.
The columns coloured in grey represent hypothetical values assuming that the index would not include non-local companies.
| Sector | Components | Weight | Components | Weight | Difference | Difference % |
|---|---|---|---|---|---|---|
| Communication Services | 3 | 8.46% | 3 | 10.57% | 0 | -2.12% |
| Real Estate | 2 | 5.27% | 2 | 6.59% | 0 | -1.32% |
| Materials | 10 | 26.00% | 4 | 13.23% | 6 | 12.77% |
| Industrials | 9 | 23.20% | 8 | 26.01% | 1 | -2.82% |
| Consumer Staples | 9 | 23.18% | 8 | 26.22% | 1 | -3.04% |
| Financials | 5 | 13.89% | 5 | 17.37% | 0 | -3.48% |
| Total | 38 | 100.00% | 30 | 100.00% |
| Size | Market Cap | Components | Weight |
|---|---|---|---|
| Large-Cap | 422,679,717,700 USD | 19 | 50.10% |
| Mid-Cap | 66,615,385,300 USD | 18 | 47.12% |
| Small-Cap | 1,228,176,800 USD | 1 | 2.78% |
| Micro-Cap | - | - | - |
| Total | 490,523,279,800 USD | 38 | 100.00% |
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