MVIS® Turkey Index

The MVIS® Turkey Index (MVTUR) tracks the performance of the largest and most liquid companies incorporated in Turkey. This index also includes non-local companies incorporated outside Turkey that generate at least 50% of their revenues in Turkey. MVTUR 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 1.99%---
Turkey77 98.01%1 78 100.00%
Total78 100.00%1 78 100.00%

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 %
Energy2 4.61%2 4.70%0 -0.09%
Materials14 18.04%13 16.37%1 1.67%
Industrials15 28.42%15 29.00%0 -0.58%
Consumer Discretionary 15 11.21%15 11.44%0 -0.23%
Consumer Staples6 9.88%6 10.08%0 -0.20%
Health Care3 0.84%3 0.86%0 -0.02%
Financials13 19.01%13 19.39%0 -0.39%
Information Technology2 0.78%2 0.80%0 -0.02%
Communication Services2 2.87%2 2.93%0 -0.06%
Utilities4 2.55%4 2.61%0 -0.05%
Real Estate2 1.78%2 1.81%0 -0.04%
Total78 100.00%77 100.00%

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-Cap19,135,237,000 USD3 10.26%
Mid-Cap63,446,482,500 USD21 59.74%
Small-Cap33,849,816,770 USD50 29.26%
Micro-Cap614,191,330 USD4 0.74%
Total117,045,727,600 USD78 100.00%
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