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SPSK

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1m

Analysis and statistics

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About

SPSK.US is the ticker symbol for the SP Funds S&P 500 Sharia Industry Exclusions ETF. This ETF aims to track the performance, before fees and expenses, of the S&P 500 Sharia Industry Exclusions Index. The underlying index is designed to exclude companies that are not compliant with Sharia investment principles, typically filtering out businesses involved in industries like alcohol, tobacco, gambling, pork, conventional finance (banks, insurance), and weapons. Therefore, SPSK.US provides investors with a way to gain exposure to a broad segment of the U.S. equity market while adhering to Sharia-compliant investment criteria.
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Factors

Credit Risk: SPSK invests in bonds of varying credit quality; higher default risk in underlying holdings lowers the ETF's price.

Interest Rate Movements: Rising interest rates generally decrease bond prices and thus negatively impact the ETF's value.

Inflation Expectations: Higher inflation erodes bond returns, potentially pushing the ETF price lower.

Supply and Demand: Increased demand for SPSK can raise its market price, while increased selling pressure can lower it.

Economic Growth: Stronger economic growth could lead to higher interest rates, indirectly affecting the bond prices in the portfolio.

ETF Management Fees: While indirectly, higher expense ratios might affect investor perception of value.

Sector Allocation: The specific allocation to different types of bonds affects the overall sensitivity to market shifts.

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