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Index Description

The STOXX UAE Index is a market cap weighted index designed to represent the performance of the Large and Mid Cap companies from UAE covering approximately 85% of investable market capitalization. STOXX UAE 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 and Mid 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 734.2 185.2 10.3 4.0 91.6 2.1 49.5 1.1 9.1
STOXX Emerging Markets 24,789.0 8,525.4 3.9 0.9 780.7 0.0 9.2 0.0 7.9

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 -0.9 2.2 5.1 N/A N/A N/A N/A 5.1 N/A N/A
STOXX Emerging Markets -4.5 12.5 26.7 -2.6 23.8 N/A N/A 26.6 -0.9 4.4
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
STOXX UAE N/A N/A 7.7 8.8 8.8 N/A N/A 0.1 -0.4 -0.4
STOXX Emerging Markets N/A N/A 13.5 16.1 17.8 N/A N/A 1.9 -0.1 0.2
Index to benchmark Correlation Tracking error (%)
STOXX UAE -0.2 0.3 0.3 0.3 0.3 16.6 13.9 13.6 14.4 14.4
Index to benchmark Beta Annualized information ratio
STOXX UAE -0.1 0.2 0.2 0.1 0.1 2.4 -0.9 -1.5 -0.9 -0.9

1For information on data calculation, please refer to STOXX calculation reference guide

2Based on EURIBOR1M

(USD, Gross Return), all data as of October 31, 2024

BENCHMARK INDICES

STOXX UAE

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 15.4 10.0 15.4 15.4 3.0 2.7 5.7 1.0
STOXX Emerging Markets 17.2 13.8 15.5 15.5 1.8 3.2 0.9 25.0

Performance and annual returns

Methodology

The STOXX UAE Index is a market cap weighted index designed to represent the performance of the Large and Mid Cap companies from UAE covering approximately 85% of investable market capitalization. STOXX UAE 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.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Price EUR CH1169657538 SWAEP .SWAEP
Gross Return EUR CH1169657520 SWAEGR .SWAEGR
Net Return EUR CH1169657512 SWAER .SWAER
Price USD CH1169657504 SWAEL .SWAEL
Gross Return USD CH1169657496 SWAEGV .SWAEGV
Net Return USD CH1169657488 SWAEV .SWAEV

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.

Top 10 Components4

Company Supersector Country Weight
INTERNATIONAL HOLDINGS Financial Services United Arab Emirates 49.455%
EMIRATES TELECOM Telecommunications United Arab Emirates 9.061%
EMAAR PROPERTIES Real Estate United Arab Emirates 7.934%
EMIRATES NBD Banks United Arab Emirates 4.523%
FIRST ABU DHABI BANK Banks United Arab Emirates 3.995%
ADNOC GAS Energy United Arab Emirates 3.734%
DUBAI ELECTRICITY AND WATER AU Utilities United Arab Emirates 3.294%
ALPHA DHABI HOLDING Industrial Goods and Services United Arab Emirates 2.344%
ALDAR PROPERTIES Real Estate United Arab Emirates 2.174%
ABU DHABI COMLBANK Banks United Arab Emirates 2.147%

3Net dividend yield is calculated as net return index return minus price index return

4Based on the composition as of October 31, 2024

BENCHMARK INDICES

STOXX UAE