MVIS Philippines Index

The modified market cap-weighted index tracks the performance of the largest and most liquid companies in the Philippines. Its unique pure-play approach expands local exposure to include non-local companies that generate at least 50% of their revenues in the Philippines. The MVIS Philippines Index (MVPHL) covers at least 90% of the investable universe. Most demanding size and liquidity screenings are applied to potential index components to ensure investability.

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 1.24%---
Japan (*)1 4.46%---
Philippines26 89.97%3 29 100.00%
Thailand (*)1 4.33%---
Total29 100.00%3 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 5.70%0 0.00%2 5.70%
Industrials11 49.80%11 55.35%0 -5.55%
Consumer Discretionary 1 2.77%1 3.08%0 -0.31%
Consumer Staples4 8.15%4 9.06%0 -0.91%
Financials5 18.65%5 20.73%0 -2.08%
Telecommunication Services2 4.40%2 4.90%0 -0.49%
Utilities4 10.52%3 6.88%1 3.64%
Total29 100.00%26 100.00%

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-Cap150,739,572,600 USD13 67.25%
Mid-Cap55,667,787,300 USD15 31.51%
Small-Cap1,158,247,700 USD1 1.24%
Micro-Cap---
Total207,565,607,600 USD29 100.00%
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