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SPCZ

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Analysis and statistics

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About

SPCZ.US represents the SP Funds S&P 500 Sharia Industry Exclusions ETF. This exchange-traded fund seeks to track the performance, before fees and expenses, of the S&P 500 Shariah Industry Exclusions Index. This index screens out companies from the S&P 500 that are not compliant with Islamic principles, focusing on sectors and companies that adhere to Sharia law, such as avoiding businesses involved in alcohol, gambling, tobacco, pork production, conventional finance, and weapons. The fund offers investors exposure to large-cap U.S. equities while aligning with Sharia-compliant investment principles.
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Factors

Emerging Market Performance: SPCZ tracks Chinese stocks; therefore, overall performance of Chinese stock markets greatly influences its price.

Economic Data Releases: Key economic indicators from China (GDP, inflation, unemployment) significantly impact investor sentiment and SPCZ's value.

Regulatory Changes: Government policies and regulations in China, affecting businesses or specific sectors, can affect the ETF's price.

Currency Fluctuations: Changes in the exchange rate between the US dollar and the Chinese yuan influence SPCZ's returns for US investors.

Global Market Sentiment: Broad market trends and risk appetite among global investors impact the demand for emerging market ETFs like SPCZ.

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