MVIS® United Arab Emirates Index
The MVIS United Arab Emirates Index (MVARE) tracks the performance of the largest and most liquid companies incorporated in the United Arab Emirates. The index also includes non-local companies incorporated outside the United Arab Emirates that generate at least 50% of their revenues in the United Arab Emirates. MVARE covers at least 90% of the investable universe.
Key Features
| Size and Liquidity Requirements |
Full MCap of at least 150 mln USD.
Three month average-daily-trading volume of at least 1 mln USD at a review and also at the previous two reviews.
At least 250,000 shares traded per month over the last six months at a review and also at the previous two reviews. |
| Pure-Play |
Index includes non-local companies. |
| Diversification |
Company weightings are capped at 8%. |
| Review |
Quarterly. |
Timescale Slider
| Symbol |
IndexName |
| MVARE |
MVIS® United Arab Emirates Price Index |
| MVARETR |
MVIS® United Arab Emirates Total Return Net Index |
