MVIS® Global Oil Refiners Index
The MVIS® Global Oil Refiners Index (MVCRAK) tracks the performance of the largest and most liquid companies in the global oil refining industry. This is a modified market cap-weighted index, and only includes companies that generate at least 50% of their revenue from refining crude oil products such as gasoline, diesel, jet fuel, fuel oil, naphtha, and other petrochemicals. Companies that market and distribute such products are included in the index as long as refining is performed in company-owned refineries. MVCRAK covers at least 90% of the investable universe.
Key Features
| Size and Liquidity Requirements |
Full MCap of at least 150 mln USD.
Three month average-daily-trading volume of at least 1 mln USD at a review and also at the previous two reviews.
At least 250,000 shares traded per month over the last six months at a review and also at the previous two reviews. |
| Pure-Play |
Companies have to generate at least 50% revenues from crude oil refining. |
| Diversification |
Company weightings are capped at 8%. |
| Review |
Quarterly. |
Timescale Slider
| Symbol |
IndexName |
| MVCRAK |
MVIS® Global Oil Refiners Price Index |
| MVCRAKTR |
MVIS® Global Oil Refiners Total Return Net Index |
