Wahed Dow Jones Islamic World ETF (UMMA)
Wahed Dow Jones Islamic World ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $37.59, up 1.08% on the session, giving a market capitalisation of $309.7M. Its beta of 1.31 implies it has historically moved more than the broad market.
This actively managed Exchange-Traded Fund (ETF) strategically invests in the equity securities of companies around the globe, with the specific exclusion of those domiciled in the United States. A core principle of its investment strategy is to select companies that fully comply with Shariah law and Islamic principles, as interpreted by subject-matter experts. The fund aims to mirror the composition and performance of the Dow Jones Islamic Market International Titans 100 Index by investing in similar securities. It is important to note that this fund is non-diversified.
Wahed Dow Jones Islamic World ETF is most often compared with the following Financial Services names: