SPTE Profile
The SP Funds S&P Global Technology ETF (SPTE) is an exchange-traded fund tailored to investors seeking exposure to the information technology sector while adhering to Shariah investment principles. Launched on November 30, 2023, SPTE passively tracks a market-cap-weighted index composed of global technology companies that comply with Sharia guidelines. This approach ensures that the ETF's holdings exclude businesses involved in industries such as alcohol, gambling, and conventional financial services.
SPTE's investment strategy focuses on providing diversified exposure to leading technology firms worldwide, reflecting the sector's pivotal role in driving global economic growth and innovation. The fund's passive management style aims to replicate the performance of its benchmark index while maintaining alignment with Sharia principles, appealing to investors seeking ethical investment opportunities within the dynamic technology sector.
Managed by SP Funds, a trusted provider known for its commitment to offering Sharia-compliant investment solutions, SPTE benefits from rigorous screening processes and comprehensive research capabilities. SP Funds leverages its expertise in Islamic finance and global equity markets to construct a portfolio that meets the criteria of Shariah-compliant investing, ensuring transparency and adherence to ethical standards in portfolio selection and management.
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