Schroders Launches Shariah-compliant Global Equity Fund as a Diversified Investment Strategy

Global asset and wealth manager Schroders, has launched a Shariah-compliant global equity fund to provide UK-domiciled investors a diversified investment strategy, according to media reports.

The Islamic Global Equity Fund, which combines Shariah Law compliance with multi-factor investing, will seek to outperform its Dow Jones Islamic Market World benchmark over a period of three to five years and will be managed by the Schroders Systematic Investments (SSI) unit, which uses factor-based investing. The fund will be available for an ongoing charges figure of 0.55% to investors, media reported.

According to Doug Abbott, Head of UK Intermediary at Schroders, the fund will provide investors access to over 2,600 stocks which are Shariah-compliant, and maintains features suc...