The MVIS® United Arab Emirates Index (MVARE) tracks the performance of the largest and most liquid companies incorporated in the United Arab Emirates. The index also includes non-local companies incorporated outside the United Arab Emirates that generate at least 50% of their revenues in the United Arab Emirates. MVARE covers at least 90% of the investable universe.
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| Component | Country | Non-local | Allocation | Weight |
|---|---|---|---|---|
| INTERNATIONAL HOLDINGS CO PJSC | AE | - | - | 8.05% |
| EMIRATES TELECOMMUNICATIONS CORP | AE | - | - | 7.54% |
| FIRST ABU DHABI BANK PJSC | AE | - | - | 7.10% |
| EMAAR PROPERTIES PJSC | AE | - | - | 7.08% |
| EMIRATES NBD PJSC | AE | - | - | 5.67% |
| DUBAI ISLAMIC BANK PJSC | AE | - | - | 5.23% |
| ABU DHABI COMMERCIAL BANK PJSC | AE | - | - | 5.15% |
| ALPHA DHABI HOLDING PJSC | AE | - | - | 5.11% |
| ABU DHABI ISLAMIC BANK PJSC | AE | - | - | 4.96% |
| ALDAR PROPERTIES COMPANY | AE | - | - | 4.59% |
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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 |
|---|---|---|---|---|---|
| United Arab Emirates | 24 | 97.13% | 1 | 25 | 100.00% |
| United Kingdom (*) | 1 | 2.87% | - | - | - |
| Total | 25 | 100.00% | 1 | 25 | 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 | 2 | 9.57% | 2 | 9.85% | 0 | -0.28% |
| Consumer Discretionary | 2 | 7.52% | 2 | 7.74% | 0 | -0.22% |
| Utilities | 1 | 4.29% | 1 | 4.42% | 0 | -0.13% |
| Financials | 6 | 30.97% | 5 | 28.93% | 1 | 2.04% |
| Materials | 2 | 3.83% | 2 | 3.94% | 0 | -0.11% |
| Industrials | 8 | 27.19% | 8 | 27.99% | 0 | -0.80% |
| Energy | 1 | 2.45% | 1 | 2.52% | 0 | -0.07% |
| Real Estate | 3 | 14.19% | 3 | 14.61% | 0 | -0.42% |
| Total | 25 | 100.00% | 24 | 100.00% |
| Size | Market Cap | Components | Weight |
|---|---|---|---|
| Large-Cap | 596,466,813,900 USD | 20 | 89.37% |
| Mid-Cap | 20,272,113,400 USD | 5 | 10.63% |
| Small-Cap | - | - | - |
| Micro-Cap | - | - | - |
| Total | 616,738,927,300 USD | 25 | 100.00% |
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