First Actively Managed Global Equity Shariah-Compliant ETF Launched by Almalia Group

Almalia has launched the world’s first actively managed global equity Shariah-compliant Exchange Traded Fund (ETF), listing it on the London Stock Exchange on the 30th of September 2020. The ETF will have its asset management and investment screening supervised by Sanlam Investments, based in the United Kingdom, to ensure that the fund remains Shariah-compliant.

Pieter Fourie, Global Head of Equities at Sanlam stated that the actively managed ETF would provide an opportunity to outperform the MSCI Islamic Global Equity Index, challenging the status quo in the ETF market, which usually takes a passive approach of tracking a chosen benchmark index.

The ETF named the Almalia San...