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For investors seeking to align their financial decisions with their personal values, faith-based ETFs may present a unique opportunity. However, understanding the fee structures associated with these funds is necessary for making informed choices.
HLAL is a Shariah-compliant ETF offering broad U.S. market exposure with a focus on low debt and ethical business practices. The fund tracks the FTSE USA Shariah Index, emphasizing tech and healthcare sectors, with Apple and Microsoft comprising nearly 30% of the portfolio. HLAL's sector allocation favors tech (56.6%) and healthcare (12.2%), avoiding industries like alcohol, tobacco, and conventional financial services.
Despite a yield curve inversion, there is no recession and equities are performing well. Rising interest rates haven't led to increased interest payments for cash-rich companies. The Wahed FTSE USA Shariah ETF is overweight in sectors with cash-rich companies, making it a good investment opportunity.
The Ramadan effect refers to the observation that in Islamic countries stock returns during Ramadan are higher and less volatile than during the rest of the year. HLAL is biggest US shariah-compliant ETF.
High energy prices have reignited positive clean energy sentiment. Tesla Inc. shares surged in premarket trading after the electric vehicle company posted its highest quarterly profit to date; the stock rose 7.1% before the opening bell on Thursday.
Regulators allege the roboadvisor moved $13 million in assets to ‘HLAL' without proper notice.
SPUS is developed to comply with Sharia guidelines and has been certified by an authority on Islamic finance.
The Large Cap Blend style ranks second in Q4'20. Based on an aggregation of ratings of 61 ETFs and 661 mutual funds in the Large Cap Blend style.
Full call transcripts — prepared remarks + analyst Q&A — with speaker-by-speaker formatting and one-click switching across every quarter on file.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.