{{Short description|Romanian stock market index}} {{Use dmy dates|date=April 2026}} {{Infobox financial index | name = Bucharest Exchange Trading Total Return Index | logo = | image = BET-TR Historical Graph.svg | image_upright = | caption = Historical logarithmic graph of the BET-TR from 2014 to 2026 | foundation = {{Start date and age|2014|9|22|df=y}}<ref name="manual">{{cite web |title=BET-TR Index Manual (Version 01.2022) |url=https://bvb.ro/info/indices/2025/BVB-EN_Manual%20BET-TR_V_01_2022.pdf |publisher=Bucharest Stock Exchange |access-date=2026-04-17}}</ref> | operator = Bucharest Stock Exchange | symbol = BET-TR | exchanges = | constituents = 20<ref name="bvb">{{cite web |title=Indices profiles |url=https://bvb.ro/FinancialInstruments/Indices/IndicesProfiles |website=bvb.ro |access-date=17 April 2026}}</ref> | cap_level = Large-cap | mcap = {{US$|28.04 billion|link=yes}}<ref name="bvb"/> | weighting = Free-float capitalization-weighted | related = {{unbulleted list|BET|BET-XT|ROTX}} | homepage = {{URL|https://bvb.ro/}} | isin = ROXBSEI00070 | reuters = .BETITR | bloomberg = BETTR }}
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).<ref name="manual"/><ref>{{cite web |title=Ce este indicele BET-TR. Lista celor 20 de societăți care îl compun |url=https://cursdeguvernare.ro/ce-este-indicele-bet-tr-lista-celor-20-de-societati-care-il-compun.html |website=CursDeGuvernare.ro |access-date=17 April 2026 |language=ro-RO |date=12 June 2023}}</ref> 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.<ref name="manual"/>
The index is calculated in Romanian leu (RON), euro (EUR), and U.S. dollars (USD).<ref name="manual"/> 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%.<ref name="manual"/>
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.<ref name="manual"/> 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.<ref>{{cite web |title=Banca Transilvania Financial Group launches on the Bucharest Stock Exchange the ETF that tracks the performance of the BET-TR index |url=https://www.bvb.ro/AboutUs/MediaCenter/PressItem/Grupul-Financiar-Banca-Transilvania-lanseaza-la-Bursa-de-Valori-Bucuresti-ETF-ul-care-urmareste-performanta-indicelui-BET-TR/6370 |website=www.bvb.ro |access-date=25 April 2026}}</ref><ref>{{cite web |last1=Popescu |first1=Liviu |title=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 |url=https://www.zf.ro/burse-fonduri-mutuale/bursa-primul-etf-al-bancii-transilvania-incepe-tranzactionarea-de-la-23134076 |website=ZF.ro |access-date=23 April 2026 |language=ro}}</ref>
==History== The BET-TR was launched by the Bucharest Stock Exchange on 22 September 2014.<ref name="manual"/><ref>{{cite web |last1=Tudor |first1=Ioana |title=Bursa lansează un nou indice: BET Total Return va ţine cont de dividendele plătite de cele mai mari zece companii |url=https://www.zf.ro/burse-fonduri-mutuale/bursa-lanseaza-un-nou-indice-bet-total-return-va-tine-cont-de-dividendele-platite-de-cele-mai-mari-zece-companii-13192765 |website=ZF.ro |access-date=25 April 2026 |language=ro}}</ref><ref>{{cite web |title=BVB lansează indicele BET Total Return |url=https://www.bursa.ro/bvb-lanseaza-indicele-bet-total-return-69616428 |website=www.bursa.ro |access-date=25 April 2026 |language=ro-RO}}</ref> 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.<ref name="manual"/>
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.<ref name="manual"/>
== Composition == {{As of|2026|April|17|df=y|post=,}} the Bucharest Exchange Trading Total Return Index consists of the following 20 companies, with a weighting as shown:<ref name="bvb"/>
{| class="wikitable sortable sticky-header" id="constituents" |- !scope="col"| Company !scope="col"| Symbol !scope="col"| Sector (GICS) !scope="col"| Market Cap !scope="col"| Listed since !scope="col"| Index weighting |- !scope="row"| Banca Transilvania | {{BVB|TLV}} | Financials | {{US$|9.6 billion|link=yes}} | 15 October 1997 | 21.02% |- !scope="row"| OMV Petrom | {{BVB|SNP}} | Energy | {{US$|14.55 billion|link=yes}} | 03 September 2001 | 15.47% |- !scope="row"| Romgaz | {{BVB|SNG}} | Energy | {{US$|11.09 billion|link=yes}} | 12 November 2013 | 12.11% |- !scope="row"| Hidroelectrica | {{BVB|H2O}} | Energy | {{US$|16.64 billion|link=yes}} | 12 July 2023 | 11.80% |- !scope="row"| Transgaz | {{BVB|TGN}} | Energy | {{US$|4.06 billion|link=yes}} | 24 January 2008 | 7.01% |- !scope="row"| BRD – Groupe Société Générale | {{BVB|BRD}} | Financials | {{US$|4.84 billion|link=yes}} | 15 January 2001 | 6.82% |- !scope="row"| Digi Communications | {{BVB|DIGI}} | Communication Services | {{US$|3.30 billion|link=yes}} | 16 May 2017 | 4.65% |- !scope="row"| Electrica | {{BVB|EL}} | Utilities | {{US$|2.36 billion|link=yes}} | 04 July 2014 | 4.19% |- !scope="row"| MedLife | {{BVB|M}} | Health Care | {{US$|1.53 billion|link=yes}} | 21 December 2016 | 3.81% |- !scope="row"| Nuclearelectrica | {{BVB|SNN}} | Energy | {{US$|5.23 billion|link=yes}} | 4 November 2013 | 3.64% |- !scope="row"| Transelectrica | {{BVB|TEL}} | Energy | {{US$|1.61 billion|link=yes}} | 29 August 2006 | 2.28% |- !scope="row"| Premier Energy | {{BVB|PE}} | Utilities | {{US$|1.27 billion|link=yes}} | 28 May 2024 | 1.39% |- !scope="row"| Fondul Proprietatea | {{BVB|FP}} | Financials | {{US$|740.2 million|link=yes}} | 25 January 2011 | 1.22% |- !scope="row"| One United Properties | {{BVB|ONE}} | Real Estate | {{US$|794.7 million|link=yes}} | 12 July 2021 | 1.13% |- !scope="row"| Aquila Part Prod Com | {{BVB|AQ}} | Consumer Staples | {{US$|431.7 million|link=yes}} | 29 November 2021 | 0.77% |- !scope="row"| Teraplast | {{BVB|TRP}} | Industrials | {{US$|348.6 million|link=yes}} | 2 July 2008 | 0.62% |- !scope="row"| Transport Trade Services | {{BVB|TTS}} | Industrials | {{US$|348.6 million|link=yes}} | 14 June 2021 | 0.59% |- !scope="row"| Antibiotice | {{BVB|ATB}} | Health Care | {{US$|282.6 million|link=yes}} | 16 April 1997 | 0.50% |- !scope="row"| Sphera Franchise Group | {{BVB|SFG}} | Consumer Discretionary | {{US$|351.6 million|link=yes}} | 9 November 2017 | 0.50% |- !scope="row"| Cris-Tim | {{BVB|CFH}} | Consumer Staples | {{US$|459.6 million|link=yes}} | 26 November 2025 | 0.49% |}
==See also== * BET * BET-XT * ROTX * Economy of Romania * Foreign trade of Romania * List of companies of Romania * List of stock exchanges * List of stock market indices
==References== {{Reflist}}
==External links== * [http://www.bvb.ro Bucharest Stock Exchange] * [https://bvb.ro/info/indices/2025/BVB-EN_Manual%20BET-TR_V_01_2022.pdf BET-TR Manual on Bucharest Stock Exchange]
Category:European stock market indices Category:Economy of Romania