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About the ETF: NewFunds Shari'ah Top 40 ETF [JSE:NFSH40]

by , 15 September 2015

NewFunds Shari'ah Top 40 exchange traded fund (ETF) tracks the JSE Shari'ah Top 40 Index. The ETF has a listing on the Johannesburg Stock Exchange…

Full name: NewFunds Shari’ah Top 40 ETF
Short name:
SHARIAH40
Ticker: NFSH40
Sector: JSE listed funds


Five top facts about NewFunds Shari’ah Top 40 ETF


Fact #1:
ETFs are passively managed funds that track the performance of an underlying index. ETFs are listed on the stock market, trading just like shares.

Fact #2:
NewFunds Shari’ah Top 40 ETF listed on the Johannesburg Stock Exchange in April 2009. Absa Bank is behind the fund.

Fact #3:
NewFunds Shari’ah Top 40 ETF tracks the performance of the JSE Shari’ah Top 40 Index. The fund aims to capture returns whilst complying with Shari’ah principles of investing.

Fact #4:
NewFunds Shari’ah Top 40 ETF only includes companies that are Shari’ah compliant and fall within Islamic ethical investing. The fund pays a quarterly dividend.

Fact #5:
NewFunds Shari’ah Top 40 ETF includes holdings in BHP Billiton, MTN, Sasol and Anglo American.


Chart of NewFunds Shari’ah Top 40 ETF’s share price


Chart of NewFunds Shari'ah Top 40 ETF's share price


Financial information


For more financial information about NewFunds Shari’ah Top 40 ETF, click here.

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About the ETF: NewFunds Shari'ah Top 40 ETF [JSE:NFSH40]
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