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BLUE CHIP INDICES

STOXX Balkan 50 Equal Weight

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Index Description

The STOXX Balkan 50 Equal Weight Index represents the leading blue chips from eight Balkan countries in terms of free-float market cap. The eight countries are: Bulgaria, Croatia, Greece, the former Yugoslav Republic of Macedonia (FYROM), Romania, Serbia, Slovenia and Turkey.

Key facts

  • Diversified, as it incorporates a capping factor to ensure that no country/component can dominate the index

Descriptive Statistics

Index Market Cap (EUR bn) Components (EUR bn) Component weight (%) Turnover (%)
Full Free-float Mean Median Largest Smallest Largest Smallest Last 12 monts
STOXX Balkan 50 Equal Weight N/A 4,441.1 100.9 100.7 122.4 77.3 2.8 1.7 24.1
STOXX Balkan Total Market 439.1 172.8 0.4 0.1 5.9 0.0 3.4 0.0 8.4

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 Balkan 50 Equal Weight 2.4 27.7 30.0 109.2 107.0 N/A N/A 30.5 28.2 15.8
STOXX Balkan Total Market 6.0 16.8 10.7 101.3 81.3 N/A N/A 10.9 26.5 12.8
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
STOXX Balkan 50 Equal Weight N/A N/A 9.7 12.9 15.6 N/A N/A 2.4 1.7 0.9
STOXX Balkan Total Market N/A N/A 16.9 22.6 23.7 N/A N/A 0.4 0.9 0.5
Index to benchmark Correlation Tracking error (%)
STOXX Balkan 50 Equal Weight 1.0 0.9 0.9 0.9 0.9 9.1 8.5 9.2 12.5 12.0
Index to benchmark Beta Annualized information ratio
STOXX Balkan 50 Equal Weight 0.5 0.5 0.5 0.5 0.6 -4.9 1.0 1.6 -0.1 0.0

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

2Based on EURIBOR1M

(EUR, Net Return), all data as of November 29, 2024

BLUE CHIP INDICES

STOXX Balkan 50 Equal Weight

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 Balkan 50 Equal Weight 7.4 7.8 6.4 6.4 1.1 5.0 0.8 7.7
STOXX Balkan Total Market 8.4 7.7 6.6 6.6 1.3 3.2 0.8 8.8

Performance and annual returns

Methodology

Index universe is the STOXX Balkan Total Market Index (TMI).
Target coverage: highest-ranked components in the STOXX Balkan TMI by free-float market cap. To ensure a significant and balanced representation of all eligible countries, the index comprises the 10 largest companies in Greece and Turkey and the five largest companies in the other countries. The weight of each component is 2%. The detailed methodology including the calculation formula can be found in our rulebook: www.stoxx.com/indices/rulebooks.html

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Price EUR CH0034148038 SXB5P SXB5P INDEX .SXB5P
Net Return EUR CH0034148046 SXB5R SXB5R INDEX .SXB5R
Price USD CH0034148053 SXB5L SXB5L INDEX .SXB5L
Net Return USD CH0034148061 SXB5V SXB5V INDEX .SXB5V

Quick Facts

Weighting Price-weighted with a weighting factor to achieve an equal weighting
Cap Factor No
No. of components 50
Review frequency Annually (September)
Calculation/distribution Price (EUR): realtime (every 15 sec) Net return (EUR/USD) and price (USD): end of day
Calculation hours Realtime: 9:00 am – 6:00 pm CET End of day: 6:00 pm CET
Base value/base date 1,000 as of Dec. 31, 2006
History Available daily back to Dec. 31, 2006
Inception date Nov. 5, 2007

Top 10 Components4

Company Supersector Country Weight
HRVATSKI TELEKOM Telecommunications Croatia 2.755%
KOC HLDG Energy Turkey 2.654%
BG REAL ESTATE INV.REIT Real Estate Bulgaria 2.621%
ALKALOID Health Care Macedonia 2.589%
EREGLI DEMIR CELIK Basic Resources Turkey 2.534%
ENKA INSAAT Construction and Materials Turkey 2.531%
KONCAR ELEKTROINDUSTRIJA Industrial Goods and Services Croatia 2.509%
AKBANK Banks Turkey 2.464%
TURKIYE IS BANKASI Banks Turkey 2.442%
ZAVAROVALNICA TRIGLAV Insurance Slovenia 2.395%

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

4Based on the composition as of November 29, 2024

CONTACT DETAILS

  • STOXX customer support
  • P +41 43 430 7272
  • customersupport@stoxx.com
  • https://stoxx.com/support/

DISCLAIMER

STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX indices, DAX indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Börse Group or their licensors, research partners or data providers.

BACKTESTED PERFORMANCE

This document contains index performance data based on backtesting, i.e. calculations of how the index might have performed prior to launch if it had existed using the same index methodology and based on historical constituents. Backtested performance information is purely hypothetical and is provided in this document solely for information purposes. Backtested performance does not represent actual performance and should not be interpreted as an indication of actual performance.

CUSTOMIZATION

The index can be used as a basis for the definition of STOXX Customized Indices, which can be tailored to specific client or mandate needs. STOXX offers a wide range of customization, in terms of component selection, weighting schemes and personalized calculation methodologies.

CONTACT DETAILS

  • STOXX customer support
  • P +41 43 430 7272
  • customersupport@stoxx.com
  • https://stoxx.com/support/

DISCLAIMER

STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX indices, DAX indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Börse Group or their licensors, research partners or data providers.

BACKTESTED PERFORMANCE

This document contains index performance data based on backtesting, i.e. calculations of how the index might have performed prior to launch if it had existed using the same index methodology and based on historical constituents. Backtested performance information is purely hypothetical and is provided in this document solely for information purposes. Backtested performance does not represent actual performance and should not be interpreted as an indication of actual performance.

CUSTOMIZATION

The index can be used as a basis for the definition of STOXX Customized Indices, which can be tailored to specific client or mandate needs. STOXX offers a wide range of customization, in terms of component selection, weighting schemes and personalized calculation methodologies.