MVIS Turkey Index

The modified market cap-weighted index tracks the performance of the largest and most liquid companies in Turkey. Its unique pure-play approach expands local exposure to include non-local companies that generate at least 50% of their revenues in Turkey. The MVIS Turkey Index (MVTUR) 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 (*)2 5.75%---
Turkey38 94.25%2 40 100.00%
Total40 100.00%2 40 100.00%

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 %
Energy1 4.38%1 4.64%0 -0.27%
Materials9 17.80%7 12.79%2 5.01%
Industrials10 22.35%10 23.72%0 -1.36%
Consumer Discretionary 3 4.73%3 5.02%0 -0.29%
Consumer Staples5 13.65%5 14.49%0 -0.83%
Health Care1 0.65%1 0.69%0 -0.04%
Financials8 28.23%8 29.95%0 -1.72%
Telecommunication Services2 7.44%2 7.89%0 -0.45%
Utilities1 0.77%1 0.82%0 -0.05%
Total40 100.00%38 100.00%

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-Cap58,732,699,800 USD17 70.95%
Small-Cap20,185,849,290 USD23 29.05%
Micro-Cap---
Total78,918,549,090 USD40 100.00%
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