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UIM2

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Analysis and statistics

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About

The financial product symbol UIM2.XETRA refers to the iShares MSCI World Islamic UCITS ETF USD (Acc). It is an Exchange Traded Fund (ETF) listed on the XETRA exchange, which is part of the Deutsche Börse. This ETF aims to track the performance of the MSCI World Islamic Index, providing investors with exposure to global equities that comply with Islamic investment principles, specifically excluding companies involved in activities deemed non-Sharia compliant, such as alcohol, tobacco, gambling, and conventional finance. The "Acc" in the name indicates that the ETF accumulates income (dividends) received from its holdings, reinvesting them back into the fund rather than distributing them to investors.
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Factors

Underlying Asset Performance: UIM2.XETRA’s price directly reflects changes in its underlying assets, the Solactive United States Technology 100 Index.

Supply and Demand: Market demand for UIM2.XETRA relative to its supply affects its price; higher demand typically increases price.

Index Tracking Efficiency: How closely the ETF tracks its target index influences its price; deviations can create price discrepancies.

Management Fees and Expenses: The ETF's expense ratio, including management fees, reduces returns, impacting its attractiveness and price.

Market Sentiment: Overall investor sentiment toward technology stocks and ETFs affects UIM2.XETRA's trading price.

Currency Exchange Rates: Fluctuations in the EUR/USD exchange rate influence the price for investors holding the ETF in euros.

Economic Conditions: Broader economic factors such as inflation, interest rates, and GDP growth can impact technology stocks and ETF prices.

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