MVIS® Philippines Index

The MVIS® Philippines Index (MVPHL) tracks the performance of the largest and most liquid companies in Philippines. The index is a modified market cap-weighted index, and it also includes non-local companies incorporated outside Philippines that generate at least 50% of their revenue in Philippines. MVPHL covers at least 90% of the investable universe.

Country Weightings

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.

CountryComponentsWeightNon-localComponentsWeight
Canada (*)1 1.81%---
United States (*)1 3.34%---
Japan (*)1 3.79%---
Philippines25 88.42%4 29 100.00%
Thailand (*)1 2.65%---
Total29 100.00%4 29 100.00%

Sector Weightings

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.

SectorComponentsWeightComponentsWeightDifferenceDifference %
Materials2 5.60%0 0.00%2 5.60%
Industrials7 30.25%7 34.21%0 -3.96%
Consumer Discretionary 1 3.40%1 3.85%0 -0.45%
Consumer Staples3 8.48%3 9.59%0 -1.11%
Financials5 17.44%5 19.73%0 -2.28%
Information Technology1 3.34%0 0.00%1 3.34%
Communication Services3 7.63%3 8.63%0 -1.00%
Utilities4 9.29%3 7.51%1 1.78%
Real Estate3 14.57%3 16.48%0 -1.91%
Total29 100.00%25 100.00%

Size Weightings

  • Large-Cap: companies with a market capitalisation above 6,000 mln USD
  • Mid-Cap: companies with a market capitalisation from 1,500 mln to 6,000 mln USD
  • Small-Cap: companies with a market capitalisation from 200 mln to 1,500 mln USD
  • Micro-Cap: companies with a market capitalisation up to 200 mln USD
SizeMarket CapComponentsWeight
Large-Cap114,147,626,600 USD12 64.37%
Mid-Cap55,377,292,000 USD14 32.12%
Small-Cap3,778,529,300 USD3 3.51%
Micro-Cap---
Total173,303,447,900 USD29 100.00%
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