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MWOJ

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Analysis and statistics

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About

MWOJ.XETRA is the ticker symbol for the iShares MSCI World Islamic UCITS ETF, traded on the XETRA exchange (Deutsche Börse). This ETF aims to replicate the performance of the MSCI World Islamic M&S Select Index, which represents a subset of the MSCI World Index screened to exclude companies involved in activities deemed non-compliant with Shariah investment principles, such as alcohol, tobacco, gambling, conventional finance, and pork production. It provides investors with exposure to a diversified portfolio of global equities that align with Islamic ethical guidelines. The ETF is UCITS compliant, meaning it adheres to European regulations for collective investment schemes.
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Factors

Underlying Index Performance: The ETF's price closely mirrors the performance of the MSCI World ex Japan Index, its benchmark.

Supply and Demand: Market dynamics, including investor buying and selling pressure, impact the ETF's share price.

Currency Fluctuations: As the underlying assets are international, exchange rate changes affect the ETF's value.

Fund Management Costs: The ETF's expense ratio and other operational costs indirectly impact returns and price.

Market Sentiment: Overall investor confidence and risk appetite influence demand for global equity ETFs.

Economic Data: Global economic indicators, such as GDP growth and inflation, influence the underlying index.

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