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SPTE

$--
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1d
1w
1m

Analysis and statistics

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About

SPTE.US refers to the SP Funds S&P 500 Sharia Industry Exclusions ETF. This ETF tracks the performance of the S&P 500 Sharia Industry Exclusions Index, which is designed to provide exposure to companies in the S&P 500 that comply with Sharia investment principles. These principles typically exclude companies involved in industries such as conventional finance, alcohol, tobacco, gambling, and weapons. The ETF aims to provide investors with a Sharia-compliant alternative to traditional S&P 500 exposure.
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Factors

Tinplate Market: The price of SPTE.US is heavily influenced by the global tinplate market, including supply, demand, and price fluctuations of tin and steel.

Economic Conditions: Overall economic health, including GDP growth, manufacturing activity, and consumer spending in major economies, affects demand for canned goods and other products using tinplate.

Trade Policies: Tariffs, trade agreements, and other trade policies impacting tinplate imports and exports can significantly alter SPTE.US pricing.

Currency Exchange Rates: Fluctuations in exchange rates, particularly between the US dollar and currencies of major tinplate producers and consumers, impact the ETF's value.

Company Performance: The financial performance and outlook of the companies held within the SPTE.US ETF directly contribute to its overall price.

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