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BENCHMARK INDICES

STOXX Kuwait Large Cap

Index Description

The STOXX Kuwait Large Cap Index is a broad market cap weighted index designed to represent the performance of the Large Cap companies from Kuwait covering approximately 70% of investable market capitalization. STOXX Kuwait 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 Kuwait Large Cap 75.8 51.4 12.8 12.6 23.6 2.6 45.9 5.1 2.6
STOXX Emerging Markets Large Cap 11,142.3 6,262.6 7.1 1.9 615.3 0.0 9.8 0.0 22.7

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 Kuwait Large Cap 0.3 6.1 7.2 N/A N/A N/A N/A 7.2 N/A N/A
STOXX Emerging Markets Large Cap 0.5 4.1 12.6 -19.6 18.8 N/A N/A 12.6 -7.0 3.5
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
STOXX Kuwait Large Cap N/A N/A 11.2 13.1 13.1 N/A N/A 0.4 0.0 0.0
STOXX Emerging Markets Large Cap N/A N/A 13.1 16.8 18.1 N/A N/A 0.5 -0.5 0.1
Index to benchmark Correlation Tracking error (%)
STOXX Kuwait Large Cap 0.1 0.1 0.2 0.3 0.3 15.2 14.8 15.3 17.0 17.0
Index to benchmark Beta Annualized information ratio
STOXX Kuwait Large Cap 0.1 0.1 0.2 0.2 0.2 -0.2 0.2 -0.4 -0.7 -0.7

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

2Based on EURIBOR1M

(USD, Net Return), all data as of May 31, 2024

BENCHMARK INDICES

STOXX Kuwait 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 Kuwait Large Cap 16.3 16.2 16.3 16.3 1.9 3.5 1.0 4.5
STOXX Emerging Markets Large Cap 15.6 12.5 14.7 14.7 1.7 2.6 0.8 1.8

Performance and annual returns

Methodology

The STOXX Kuwait Large Cap Index is a broad market cap weighted index designed to represent the performance of the Large Cap companies from Kuwait covering approximately 70% of investable market capitalization. STOXX Kuwait 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.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Price EUR CH1169657835 SWKWLCP .SWKWLCP
Gross Return EUR CH1169657827 SWKWLCGR .SWKWLCGR
Net Return EUR CH1169657819 SWKWLCR .SWKWLCR
Gross Return USD CH1169657793 SWKWLCGV .SWKWLCGV
Price USD CH1169657801 SWKWLCL .SWKWLCL
Net Return USD CH1169657785 SWKWLCV .SWKWLCV

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 Kuwait Large Cap

Top 10 Components4

Company Supersector Country Weight
KUWAIT FINANCE HOUSE Banks Kuwait 45.884%
NATIONAL BANK OF KUWAIT Banks Kuwait 42.710%
ZAIN GROUP Telecommunications Kuwait 6.348%
BOUBYAN BANK Banks Kuwait 5.058%

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

4Based on the composition as of May 31, 2024