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.

Canada (*)1 2.11%---
Japan (*)1 5.64%---
Philippines24 87.07%3 27 100.00%
Thailand (*)1 5.18%---
Total27 100.00%3 27 100.00%

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 7.75%0 0.00%2 7.75%
Industrials9 42.98%9 49.36%0 -6.38%
Consumer Discretionary 1 2.71%1 3.11%0 -0.40%
Consumer Staples4 11.05%4 12.69%0 -1.64%
Financials5 15.18%5 17.43%0 -2.25%
Telecommunication Services2 7.92%2 9.10%0 -1.18%
Utilities4 12.42%3 8.31%1 4.11%
Total27 100.00%24 100.00%

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-Cap88,900,088,200 USD9 48.21%
Mid-Cap58,086,256,400 USD16 48.52%
Small-Cap2,563,500,200 USD2 3.27%
Total149,549,844,800 USD27 100.00%