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JVS

More Shari’ah-Compliant ETFs Coming

by Michael Johnston on September 23, 2009

Index Universe is reporting that two new ETFs meeting the requirements of Shari’ah law could be on the way, including the ShariahShares FTSE USA Fund and the ShariahShares FTSE Developed ex-U.S. Fund. The U.S. fund will reportedly invest in nearly 250 mid- and large-cap companies, while the ex-U.S. Fund will invest in stocks in 25 developed countries around the world. [click to continue…]

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The End of The Dow Jones Industrial Average?

by Michael Johnston on August 24, 2009

Dow Jones & Co. has begun searching for potential buyers of its stock-market indexing unit, which includes the widely-reported Dow Jones Industrial Average. The unit of Dow Jones, which publishes the Wall Street Journal and was purchased by News Corporation in late 2007, creates and licenses indexes for use by ETFs, mutual funds, and other products. In addition to the storied DJIA, the Dow Jones indexing unit is responsible for the creation and oversight of: [click to continue…]

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…Including U.S. Carbon Efficient ETF

by Michael Johnston on July 15, 2009

Among the 30 new exchange-traded products Deutsche Bank plans to launch through its db x-trackers unit in 2009 is a proposed fund that would track the S&P Carbon Efficient Index, a benchmark based on the performance of large-cap U.S. companies with relatively low carbon emissions while seeking to replicate the return of the S&P 500. “This [...]

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Islamic Market ETF Hits Market: More to Come?

by Michael Johnston on July 2, 2009

In April, FaithShares Advisors filed with the SEC to launch a line of ETFs targeted at religions investors. While “socially responsible ETFs” (such as KLD) and clean energy ETFs (such as PBW) are nothing new, FaithShares proposed to narrow the scope of socially responsible investing significantly by offering funds focusing on specific denominations, including:

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