Stoxx has launched three Islamic finance indices to help investors benefit from the nascent shariah market in the UK, according to the firm’s chief executive.

Hartmut Graf, chief executive for Stoxx, said the indices were designed to act both as a benchmark for actively managed funds, and to underlie exchange-traded funds and other investable products that enable investors to participate in the performance of European companies that are adhere to the principles of Islam.

http://www.ftadviser.com/FinancialAdviser/Advisers/News/article/20110303/c8636b8a-3f35-11e0-bc61-00144f2af8e8/Stoxx-expands-with-shariacompliant-indices.jsp

 

Leave a Reply

Looking for something?

Use the form below to search the site:


Still not finding what you're looking for? Drop a comment on a post or contact us so we can take care of it!