 The
Tidal SP Funds Dow Jones Global Sukuk ETF (SPSK) is an exchange-traded
fund (ETF) that seeks to provide investors with exposure to the global
sukuk market. Sukuk are Islamic financial instruments that are similar
to bonds, but they are structured to comply with Islamic law, which
prohibits the payment or receipt of interest.
SPSK invests
primarily in sukuk issued by corporations, financial institutions, and
sovereigns from around the world. The ETF seeks to provide investors
with a way to invest in sukuk with a focus on diversification,
liquidity, and transparency.
As of September 2021, the SPSK ETF
has a net asset value (NAV) of approximately $29 million and holds a
portfolio of sukuk issued by over 50 issuers. The ETF's expense ratio
is 0.69%, which is relatively low compared to other ETFs.
SPSK
has a track record of providing investors with solid returns. Since
its inception in 2018, the fund has provided investors with an
annualized return of around 2% (as of March 23, 2023).
Overall,
the Tidal SP Funds Dow Jones Global Sukuk ETF (SPSK) could be a good
investment option for investors looking to invest in the global sukuk
market. However, as with any investment, it is important to conduct
thorough research and consider factors such as risk tolerance,
investment objectives, and fees before making a decision.
Additionally, investors should consider the unique risks associated
with sukuk, such as the potential for limited liquidity and credit
risk.
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