MVIS Brazil Small-Cap Index

The modified market cap-weighted index tracks the performance of the most liquid small-cap companies in Brazil. Its unique pure-play approach expands local exposure to include non-local companies that generate at least 50% of their revenues in Brazil. The MVIS Brazil Small-Cap Index (MVBRF) covers 100% of the investable universe and has been licensed to underlie financial products with currently USD 51.93 million in assets under management.

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 2.00%---
Luxembourg1 0.92%-1 0.92%
British Virgin Islands1 0.90%-1 0.90%
Israel1 0.49%-1 0.49%
Japan (*)1 0.60%---
Brazil77 91.30%4 81 94.28%
Chile (*)1 0.37%---
Cayman Islands4 3.41%-4 3.41%
Total88 100.00%4 88 100.00%

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 %
Energy3 2.17%2 1.61%1 0.56%
Materials5 7.63%3 5.80%2 1.83%
Industrials14 17.33%14 17.86%0 -0.53%
Consumer Discretionary 29 29.56%29 30.46%0 -0.91%
Consumer Staples7 5.81%7 5.99%0 -0.18%
Health Care4 4.88%4 5.03%0 -0.15%
Financials6 6.57%6 6.77%0 -0.20%
Information Technology4 2.67%3 2.37%1 0.30%
Communication Services2 3.39%2 3.50%0 -0.10%
Utilities7 12.74%7 13.13%0 -0.39%
Real Estate7 7.25%7 7.48%0 -0.22%
Total88 100.00%84 100.00%

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-Cap64,148,155,100 USD32 59.06%
Small-Cap48,126,866,090 USD56 40.94%
Micro-Cap---
Total112,275,021,190 USD88 100.00%
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