Dow Jones Islamic Market Titans 100 Index to Underlie ETF
Dow Jones Islamic Market (DJIM) Titans 100 Index has been licenced for the first time to serve as the basis of an exchange-traded fund (ETF). The ETF, managed by BNP Paribas Asset Management, was recently launched at the SWX Swiss Exchange. The DJIM Titans 100 Index is a blue-chip index that tracks the top 100 global companies that comply with Islamic investment guidelines.
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