Description: NewFunds Collective Investment Scheme - NewFunds Shari'ah Top 40 Index Exchange Traded Fund is a shariah-compliant exchange traded fund launched and managed by NewFunds (Pty) Ltd. It invests in the public equity markets of South Africa. The fund invests in the stocks of companies operating across diversified sectors. It invests in the stocks of large-cap companies. The fund seeks to replicate the performance of the FTSE/JSE Shari'ah Top 40 Index. It does not invest in companies whose primary business provide financial services, deal in alcohol, certain food products, tobacco and weapons provide financial services, deal in alcohol, certain food products, tobacco and weapons. NewFunds Collective Investment Scheme - NewFunds Shari'ah Top 40 Index Exchange Traded Fund was formed on February 23, 2009 and is domiciled in South Africa.
Exchange: JSE
Country: ZA
Currency: South African Rand cents (R)
Category: Islamic Equity - Other
| Asset Allocation | |||
|---|---|---|---|
| Asset Class | Long % | Short % | Net Assets |
| Stock non-US | 100.00 | 0.00 | 100.00 |
| Sector Weights | ||
|---|---|---|
| Sector | Equity % | Relative to Category |
| Basic Materials | 85.96 | 15.30 |
| Communication Services | 3.04 | 7.94 |
| Industrials | 3.03 | 8.98 |
| Energy | 2.18 | 5.46 |
| Healthcare | 2.10 | 13.47 |
| Real Estate | 1.99 | 2.47 |
| Consumer Cyclicals | 1.70 | 11.20 |
| World Regions | ||
|---|---|---|
| Region | Equity % | Relative to Category |
| Africa/Middle East | 45.71 | 17.46 |
| United Kingdom | 42.11 | 4.02 |
| Europe Developed | 7.23 | 8.86 |
| Australasia | 4.95 | 2.25 |
| Japan | 0.00 | 2.11 |
| Asia Emerging | 0.00 | 11.72 |
| Latin America | 0.00 | 1.33 |
| North America | 0.00 | 45.95 |
| Asia Developed | 0.00 | 6.02 |
| Europe Emerging | 0.00 | 0.20 |