BlueStar Israel Global Total Investable Market Index

The BlueStar Israel Global Total Investable Market Index (BITM) tracks all Israeli equities, across all sectors of the economy, irrespective of their listing venue. The definition of an Israeli company is based on MVIS's proprietary research-driven framework. BITM covers 100% of the investable universve.

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
United States (*)16 12.45%---
United Kingdom (*)1 0.47%---
Israel149 78.89%25 174 100.00%
Singapore (*)1 0.27%---
China (*)1 0.57%---
Gibraltar (*)1 0.47%---
Panama (*)1 0.04%---
Curacao (*)1 0.31%---
Guernsey (*)1 3.64%---
Jersey (*)2 2.88%---
Total174 100.00%25 174 100.00%

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 %
Energy10 2.17%9 2.17%1 0.01%
Materials3 2.29%3 2.91%0 -0.62%
Industrials16 6.55%16 8.31%0 -1.76%
Consumer Discretionary 13 4.70%12 5.37%1 -0.67%
Consumer Staples9 1.55%9 1.97%0 -0.42%
Health Care22 11.76%14 9.69%8 2.07%
Financials23 20.51%22 24.75%1 -4.24%
Information Technology38 38.50%28 31.24%10 7.26%
Communication Services7 1.82%6 2.25%1 -0.43%
Utility6 2.32%4 1.61%2 0.71%
Real Estate25 7.70%24 9.73%1 -2.02%
Total172 99.88%147 100.00%

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-Cap---
Mid-Cap---
Small-Cap---
Micro-Cap319,279,121 USD174 100.00%
Total319,279,121 USD174 100.00%
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