SPRE Profile
The SP Funds S&P Global REIT Sharia ETF is an exchange-traded fund designed to provide investors with exposure to Sharia-compliant real estate investment trusts (REITs) across global markets. The ETF tracks the S&P Global BMI Shariah Index, which includes REIT securities from both developed and emerging markets that comply with Islamic investment principles. The fund typically invests at least 80% of its total assets in the component securities of this index, ensuring a focus on Sharia-compliant investments within the real estate sector.
The S&P Global BMI Shariah Index is a comprehensive global benchmark that includes publicly traded equity securities adhering to Shariah law, which prohibits interest-bearing transactions and investments in certain industries. By focusing on REITs included in this index, the ETF offers investors an opportunity to gain exposure to global real estate markets while adhering to ethical and religious investment guidelines. This includes investments in diverse property types and geographic regions, providing a broad and diversified real estate portfolio.
Managed to reflect the performance of the index, the ETF involves regular rebalancing and adjustments to its holdings to ensure continued compliance with Shariah principles and alignment with the index’s composition. The fund's non-diversified nature means it concentrates its investments in a specific sectorâ€real estateâ€while adhering to Shariah investment standards. This strategy aims to provide investors with a focused exposure to ethical real estate investments on a global scale.
Listed on major stock exchanges, the SP Funds S&P Global REIT Sharia ETF offers liquidity and transparency, allowing investors to trade shares throughout the trading day at market prices. The fund provides detailed updates on its performance, holdings, and other key metrics, enabling investors to monitor their investments and make informed decisions based on their adherence to Shariah-compliant investment principles and their broader financial goals.
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