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Article: Wall Street to Draw Muslim Investors With New ETF.
- Article from:
- Investment Weekly News
- Article date:
- July 18, 2009
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The first American ETF to adhere to centuries-old Islamic beliefs about investing and finance is to begin trading on the New York Stock Exchange today under the ticker symbol JVS.
Javelin Exchange Traded Funds ("JETS") Dow Jones Islamic Market International Index Fund will seek to match the performance of the Dow Jones Islamic Market ("DJIM") Titans 100 Index. The index is composed of 100 companies located outside the United States, comprising some twenty-three countries and exposure to eighteen different trading currencies. The fund anticipates a gross expense ratio of 0.68%.
"Adherence to Islamic law leads to a sound investment strategy with an ...