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BENCHMARK INDICES
STOXX UAE Large Cap
Index Description
The STOXX UAE Large Cap Index is a broad market cap weighted index designed to represent the performance of the Large Cap companies from UAE covering approximately 70% of investable market capitalization. STOXX UAE Large Cap Index is suitable for global investment products which include funds, exchange traded funds, and derivatives and can also be used for further building block approach strategies when appropriate. It follows a robust and modular framework which enables investors to utilize this index for a variety of investment objectives whilst using a consistent approach. It is derived from STOXX World Equity Index series and its countries follow the STOXX World Country Classification Framework.
Key facts
- Broad, yet liquid coverage of Large cap companies that supports clients' global investment decisions whilst avoiding home biases.
- A consistent and transparent methodology which fully embraces global standards of governance.
- Can serve as a basis for numerous derived strategies.
- Constructed using STOXX World Methodology.
- Its countries follow the STOXX World Country classification framework.
Descriptive Statistics
Index | Market Cap (USD bn) | Components (USD bn) | Component weight (%) | Turnover (%) | |||||
---|---|---|---|---|---|---|---|---|---|
Full | Free-float | Mean | Median | Largest | Smallest | Largest | Smallest | Last 12 monts | |
STOXX UAE Large Cap | 632.5 | 150.0 | 15.0 | 7.4 | 79.6 | 2.2 | 53.1 | 1.4 | 25.7 |
STOXX Emerging Markets Large Cap | 10,063.4 | 5,600.8 | 6.5 | 1.9 | 393.3 | 0.0 | 7.0 | 0.0 | 23.2 |
Supersector weighting (top 10)
Country weighting
Risk and return figures1
Index returns | Return (%) | Annualized return (%) | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Last month | YTD | 1Y | 3Y | 5Y | Last month | YTD | 1Y | 3Y | 5Y | |
STOXX UAE Large Cap | 0.0 | -2.7 | 2.1 | N/A | N/A | N/A | N/A | 2.1 | N/A | N/A |
STOXX Emerging Markets Large Cap | -2.4 | 1.6 | 10.6 | -9.2 | 1.8 | N/A | N/A | 10.6 | -3.2 | 0.4 |
Index volatility and risk | Annualized volatility (%) | Annualized Sharpe ratio2 | ||||||||
STOXX UAE Large Cap | N/A | N/A | 9.1 | 9.3 | 9.3 | N/A | N/A | -0.1 | -0.4 | -0.4 |
STOXX Emerging Markets Large Cap | N/A | N/A | 15.8 | 17.5 | 18.4 | N/A | N/A | 0.7 | -0.2 | 0.0 |
Index to benchmark | Correlation | Tracking error (%) | ||||||||
STOXX UAE Large Cap | 0.4 | 0.2 | 0.2 | 0.2 | 0.2 | 11.6 | 13.9 | 16.4 | 16.4 | 16.4 |
Index to benchmark | Beta | Annualized information ratio | ||||||||
STOXX UAE Large Cap | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 2.5 | -0.5 | -0.6 | -0.4 | -0.4 |
1For information on data calculation, please refer to STOXX calculation reference guide
2Based on EURIBOR1M
(USD, Net Return), all data as of September 29, 2023
BENCHMARK INDICES
STOXX UAE Large Cap
Fundamentals
Index | Price/earnings incl. negative | Price/earnings excl. negative | Price/book | Dividend yield (%)3 | Price/sales | Price/cash flow | ||
---|---|---|---|---|---|---|---|---|
Trailing | Projected | Trailing | Projected | Trailing | Trailing | Trailing | ||
STOXX UAE Large Cap | 21.8 | 11.9 | 21.8 | 21.8 | 3.9 | 1.7 | 7.4 | 0.7 |
STOXX Emerging Markets Large Cap | 12.9 | 12.5 | 11.7 | 11.7 | 1.6 | 2.5 | 0.8 | 21.2 |
Performance and annual returns
Methodology
The STOXX UAE Large Cap Index is a broad market cap weighted index designed to represent the performance of the Large Cap companies from UAE covering approximately 70% of investable market capitalization. STOXX UAE Large Cap Index is suitable for global investment products which include funds, exchange traded funds, and derivatives and can also be used for further building block approach strategies when appropriate. It follows a robust and modular framework which enables investors to utilize this index for a variety of investment objectives whilst using a consistent approach. It is derived from STOXX World Equity Index series and its countries follow the STOXX World Country Classification Framework.
Index | ISIN | Symbol | Bloomberg | Reuters |
---|---|---|---|---|
Net Return EUR | CH1169657751 | SWAELCR | .SWAELCR | |
Gross Return EUR | CH1169657769 | SWAELCGR | .SWAELCGR | |
Price EUR | CH1169657777 | SWAELCP | .SWAELCP | |
Net Return USD | CH1169657728 | SWAELCV | .SWAELCV | |
Gross Return USD | CH1169657736 | SWAELCGV | .SWAELCGV | |
Price USD | CH1169657744 | SWAELCL | .SWAELCL |
Quick Facts
Weighting | Free-float market capitalization |
Cap Factor | N/A |
No. of components | Variable |
Review frequency | Semi Annual |
Calculation/distribution | Realtime 15 sec |
Calculation hours | 00:00:00 22:15:00 |
Base value/base date | 1000 as of September. 19, 2022 |
History | Available from Sep. 19, 2022 |
Inception date | November. 16, 2022 |
To learn more about the inception date, the currency, the calculation hours and historical values, please see our data vendor code sheet. |
BENCHMARK INDICES
STOXX UAE Large Cap
Top 10 Components4
Company | Supersector | Country | Weight |
---|---|---|---|
INTERNATIONAL HOLDINGS | Financial Services | United Arab Emirates | 53.107% |
EMIRATES TELECOM | Telecommunications | United Arab Emirates | 12.909% |
EMIRATES NBD | Banks | United Arab Emirates | 7.942% |
FIRST ABU DHABI BANK | Banks | United Arab Emirates | 6.139% |
ALPHA DHABI HOLDING | Industrial Goods and Services | United Arab Emirates | 5.037% |
ADNOC GAS | Energy | United Arab Emirates | 4.781% |
DUBAI ELECTRICITY AND WATER AU | Utilities | United Arab Emirates | 4.183% |
ABU DHABI COMLBANK | Banks | United Arab Emirates | 2.547% |
ABU DHABI NAT.ENERGY CO. | Utilities | United Arab Emirates | 1.915% |
BOROUGE | Chemicals | United Arab Emirates | 1.441% |
3Net dividend yield is calculated as net return index return minus price index return
4Based on the composition as of September 29, 2023