Invesco Dow Jones Islamic Global Developed Markets UCITS ETF Acc

Issuer: Invesco

Asset Class: Equity

TER: 40bps

Trading Currency: USD

Pays Income: False

Listing Date: 10 Jan 2022

Ticker: IGDA

ISIN: IE000UOXRAM8

This fund offers a targeted investment solution for individuals seeking to align their portfolio with Islamic principles. It aims to replicate the performance of a benchmark comprising Shariah-compliant companies from developed markets across the globe. The underlying index employs a rigorous screening methodology to exclude businesses engaged in industries considered non-permissible under Islamic law, such as alcohol, tobacco, gambling, and conventional financial services that involve interest (riba). Additionally, companies are screened based on financial ratios to ensure they meet specific criteria regarding debt levels, further adhering to the principles of Islamic finance. This approach results in a portfolio of ethically screened, well-established global companies.

By investing in this product, individuals can gain diversified exposure to leading companies in developed economies like the United States, Japan, and parts of Europe, while adhering to their personal values. The global scope of the portfolio helps to mitigate concentration risk associated with investing in a single country or region. As it focuses on developed markets, the fund provides access to companies operating in stable economic environments, which can be a cornerstone for long-term growth. The accumulating share class automatically reinvests any dividends received from the underlying holdings back into the fund, fostering capital growth through compounding and making it suitable for a long-term investment horizon.