SP Funds S&P World (ex-US) ETF (SPWO)
ARCA ARCA Primary Summary
SPWO Chart
SPWO Vs. VXUS: International Shariah Hasn't Hurt Investors
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.
SP Funds S&P World (ex-US) ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| NA Nizar Araji National Bank Of Canada /FI/ | 1,464 | $34,847.88 | $48,546.24 | $13,698.36 | 39.31% |
 Christopher C. Powers Farther Finance Advisors, LLC | 17,529 | $577,201.59 | $561,629.16 | -$15,572.43 | -2.7% |
 Aliredha Walji SHARIAPORTFOLIO, INC. | 783,860 | $17.32M | $26.01M | $8.69M | 50.2% |
 Kevin Bresler TD Waterhouse Canada Inc. | 56,091 | $1.49M | $1.8M | $309,553.99 | 20.81% |
| MA Marie-Andree Alain Federation des caisses Desjardins du Quebec | 10,405 | $243,021.82 | $351,584.95 | $108,563.13 | 44.67% |
SP Funds S&P World (ex-US) ETF (SPWO) FAQ
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SP Funds S&P World (ex-US) ETF Profile
| ARCA Exchange | US Country |
Overview
The Shariah World Index is an innovative financial instrument designed to track the performance of companies worldwide that adhere to Shariah investment guidelines. By focusing on companies located in both developed and emerging markets outside of the United States, the index provides a unique avenue for investors interested in ensuring their investments are compliant with Islamic principles. The inclusion criteria based on Shariah guidelines involve a rules-based screening process, ensuring only those companies that meet specific ethical and financial criteria are part of the index. To maintain a level of diversification and manage risk, a cap is applied to ensure no single company's influence is dominant. However, it is important to note that this fund is categorized as non-diversified, meaning it may invest more heavily in certain sectors or regions compared to a diversified fund, potentially leading to higher volatility.
Products and Services
- Shariah-Compliant Investment Tracking
This service offers investors the ability to monitor the performance of companies that adhere to the stringent compliance requirements of Shariah law. It focuses on ensuring that investments do not support activities or sectors considered Haram (forbidden) under Islamic law, such as alcohol, gambling, and usury. The Shariah World Index employs a rigorous screening process to filter companies based on these principles, providing a transparent and ethical investment option for those seeking to align their financial activities with their faith.
- Diversification and Risk Management
Through the application of a cap in the index construction process, the Shariah World Index aims to offer a level of diversification among the companies included. This approach is designed to mitigate the risk of overexposure to any single company or economic sector, thereby potentially reducing volatility and the risk of significant investment losses. Despite being categorized as a non-diversified fund, which generally indicates a focus on fewer sectors or geographical areas, the index seeks to balance this by applying caps to ensure that no single entity or sector unduly influences overall performance.
