FRANKFURT, Germany (January 31, 2023) – MarketVector IndexesTM ("MarketVector") announced the launch of the MarketVectorTM MarketVector™ Global Defense Industry Index (ticker: MVDEF) and the MarketVectorTM US Listed Oil Services 10% Capped Index (ticker: MVOIC).
The MarketVectorTM Global Defense Industry Index (ticker: MVDEF) tracks the performance of the companies which generate at least 50% of their revenues from the military or defense industries including related national/federal governmental departments. It is weighted by modified float-adjusted market capitalization and is calculated in USD as a price index and a total return net index. The MVDEF Index is reviewed on a quarterly basis.
The MarketVectorTM US Listed Oil Services 10% Capped Index (ticker: MVOIC) tracks the performance of US listed companies that are involved in oil services to the upstream oil sector. It is weighted by free-float market capitalization and is calculated in USD as a price index, a total return net index and a total return gross index. The MVOIC Index is reviewed on a semi-annual basis and is the same as the MVIS® US Listed Oil Services 25 Index (ticker: MVOIH), with a different capping scheme.
Detailed information about the indexes, including methodology details and index data, are available on the MarketVector Indexes website.