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The Shariah World Index is designed to measure the performance of companies located in developed and emerging markets outside of the United States that pass rules-based screens for adherence to shariah investment guidelines, with a cap applied to ensure diversification among companies in the index. The fund is non-diversified.
Is SPWO's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
SP Funds S&P World ETF offers a Shariah-compliant, international ex-US equity exposure, tracking the S&P DM Ex-U.S. & EM 50/50 Shariah Index. Vanguard Total International Stock Index Fund ETF Shares serves as a core allocation, tracking the broad FTSE Global All Cap ex US Index, with over 5,300 stocks across 46 countries. SPWO excludes industries like alcohol, gambling, and financial services (except Islamic), appealing to investors seeking specialized ethical screens.
Taiwan Semiconductor Manufacturing (TSM) returned to sales and earnings growth after four consecutive quarters of declines on a year-over-year basis.
Taiwan-based chipmaker Taiwan Semiconductor Manufacturing (TSM) posted its fastest quarterly revenue growth in more than a year.
SP Funds has added a new fund to its lineup of Sharia-compliant ETFs. The SP Funds S&P World ex-US ETF (NYSE Arca: SPWO) seeks to track the performance, before fees and expenses, of the S&P DM Ex-U.S. & EM 50/50 Shariah Index.