SPWO Profile
The SP Funds S&P World (ex-US) ETF (SPWO) is an exchange-traded fund designed to replicate the performance of the S&P DM Ex-U.S. & EM 50/50 Shariah Index. Launched on December 19, 2023, SPWO tracks an index comprising 500 Sharia-compliant companies from developed and emerging markets outside the United States. The fund follows a modified market cap-weighted methodology, which adjusts holdings based on the size of each company's market capitalization, ensuring diversified exposure across sectors and regions.
SPWO offers investors a strategic opportunity to access global equity markets while adhering to Sharia principles, which prohibit investments in certain industries such as alcohol, tobacco, and gambling. The fund's focus on Sharia-compliant companies reflects a growing demand for ethical investment options that align with Islamic finance principles, catering to a diverse investor base seeking socially responsible investment opportunities.
Managed by SP Funds, a reputable issuer committed to offering innovative investment solutions, SPWO benefits from the issuer's expertise in index-based ETF management and Sharia-compliant investing. SP Funds leverages comprehensive research and stringent screening criteria to construct a portfolio that meets the requirements of Shariah-compliant investors, ensuring adherence to ethical and religious guidelines.
Investors considering SPWO may find it appealing for its dual focus on global diversification and adherence to Sharia principles, providing exposure to a broad spectrum of international markets outside the U.S. The fund's modified market cap-weighted approach and Sharia compliance make it a distinctive choice within the ETF landscape, offering potential for competitive returns while aligning with ethical investment practices.
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