The Bucharest Exchange Trading Total Return Index (BET-TR) is a stock market index that tracks the performance of the most liquid stocks listed on the Bucharest Stock Exchange (BVB).[1][3] The composition of the BET-TR is identical to that of the BET index. Unlike the price return BET index, which only reflects price movements, the BET-TR is a total return index, meaning it accounts for both price fluctuations and the reinvestment of dividends paid by its constituent companies.[1]
 Historical logarithmic graph of the BET-TR from 2014 to 2026 | |
| Foundation | 22 September 2014[1] |
|---|---|
| Operator | Bucharest Stock Exchange |
| Trading symbol | BET-TR |
| Constituents | 20[2] |
| Type | Large-cap |
| Market cap | US$28.04 billion[2] |
| Weighting method | Free-float capitalization-weighted |
| Related indices | |
| Website | bvb |
| ISIN | ROXBSEI00070 |
| Reuters | .BETITR |
| Bloomberg | BETTR |
The index is calculated in Romanian leu (RON), euro (EUR), and U.S. dollars (USD).[1] The calculation formula factors in the reinvestment of net dividends on the ex-dividend date. To ensure diversification, the weight of any single company within the index is capped, usually at 20%.[1]
Since its inception, the BET-TR has significantly outperformed the price return BET index due to the consistent dividend policy of large Romanian state-owned and private enterprises. It is often used as a benchmark for investment funds and exchange-traded funds (ETFs) targeting the Romanian market.[1] In 2026, Banca Transilvania, listed the BT Index Romania ETF BET-TR on the Bucharest Stock Exchange designed to track the performance of the BET-TR index.[4][5]
History
editThe BET-TR was launched by the Bucharest Stock Exchange on 22 September 2014.[1][6][7] It was the first total return index in the history of the Romanian capital market. Its purpose was to provide a more accurate representation of the actual gains realized by long-term investors, as the Romanian market is characterized by high dividend yields compared to regional peers.[1]
The index was launched with a base value of 4,910.39 points, equal to the closing value of BET index on the base date. BET-TR is calculated retroactively starting with 24 September 2012.[1]
Composition
editAs of 17 April 2026,[update] the Bucharest Exchange Trading Total Return Index consists of the following 20 companies, with a weighting as shown:[2]
| Company | Symbol | Sector (GICS) | Market Cap | Listed since | Index weighting |
|---|---|---|---|---|---|
| Banca Transilvania | BVB: TLV | Financials | US$9.6 billion | 15 October 1997 | 21.02% |
| OMV Petrom | BVB: SNP | Energy | US$14.55 billion | 03 September 2001 | 15.47% |
| Romgaz | BVB: SNG | Energy | US$11.09 billion | 12 November 2013 | 12.11% |
| Hidroelectrica | BVB: H2O | Energy | US$16.64 billion | 12 July 2023 | 11.80% |
| Transgaz | BVB: TGN | Energy | US$4.06 billion | 24 January 2008 | 7.01% |
| BRD – Groupe Société Générale | BVB: BRD | Financials | US$4.84 billion | 15 January 2001 | 6.82% |
| Digi Communications | BVB: DIGI | Communication Services | US$3.30 billion | 16 May 2017 | 4.65% |
| Electrica | BVB: EL | Utilities | US$2.36 billion | 04 July 2014 | 4.19% |
| MedLife | BVB: M | Health Care | US$1.53 billion | 21 December 2016 | 3.81% |
| Nuclearelectrica | BVB: SNN | Energy | US$5.23 billion | 4 November 2013 | 3.64% |
| Transelectrica | BVB: TEL | Energy | US$1.61 billion | 29 August 2006 | 2.28% |
| Premier Energy | BVB: PE | Utilities | US$1.27 billion | 28 May 2024 | 1.39% |
| Fondul Proprietatea | BVB: FP | Financials | US$740.2 million | 25 January 2011 | 1.22% |
| One United Properties | BVB: ONE | Real Estate | US$794.7 million | 12 July 2021 | 1.13% |
| Aquila Part Prod Com | BVB: AQ | Consumer Staples | US$431.7 million | 29 November 2021 | 0.77% |
| Teraplast | BVB: TRP | Industrials | US$348.6 million | 2 July 2008 | 0.62% |
| Transport Trade Services | BVB: TTS | Industrials | US$348.6 million | 14 June 2021 | 0.59% |
| Antibiotice | BVB: ATB | Health Care | US$282.6 million | 16 April 1997 | 0.50% |
| Sphera Franchise Group | BVB: SFG | Consumer Discretionary | US$351.6 million | 9 November 2017 | 0.50% |
| Cris-Tim | BVB: CFH | Consumer Staples | US$459.6 million | 26 November 2025 | 0.49% |
See also
editReferences
edit- 1 2 3 4 5 6 7 8 9 "BET-TR Index Manual (Version 01.2022)" (PDF). Bucharest Stock Exchange. Retrieved 17 April 2026.
- 1 2 3 "Indices profiles". bvb.ro. Retrieved 17 April 2026.
- ↑ "Ce este indicele BET-TR. Lista celor 20 de societăți care îl compun". CursDeGuvernare.ro (in Romanian). 12 June 2023. Retrieved 17 April 2026.
- ↑ "Banca Transilvania Financial Group launches on the Bucharest Stock Exchange the ETF that tracks the performance of the BET-TR index". www.bvb.ro. Retrieved 25 April 2026.
- ↑ Popescu, Liviu. "Bursă. Primul ETF al Băncii Transilvania începe tranzacţionarea de la active de 82 mil. lei: preţ de 9,669 lei şi 8,5 milioane de unităţi emise". ZF.ro (in Romanian). Retrieved 23 April 2026.
- ↑ Tudor, Ioana. "Bursa lansează un nou indice: BET Total Return va ţine cont de dividendele plătite de cele mai mari zece companii". ZF.ro (in Romanian). Retrieved 25 April 2026.
- ↑ "BVB lansează indicele BET Total Return". www.bursa.ro (in Romanian). Retrieved 25 April 2026.